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The power of exponential growthReader comment on item: Iran's Christian Boom Submitted by Malcolm Smith (Australia), Jul 1, 2021 at 19:52 No doubt many of you, as children, would have been given the following exercise. For a month's wages, would you prefer to be paid (a) $1,000 a day, or (b) one cent the first day, two cents the second, and so on, doubling the pay every day? If you chose the second option, you would receive only a paltry $5.12 on day 10, but for day 30 your wages would be more than half a million dollars. Such is the magic of exponential growth. Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments". Reader comments (38) on this item
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All materials by Daniel Pipes on this site: © 1968-2024 Daniel Pipes. daniel.pipes@gmail.com and @DanielPipes Support Daniel Pipes' work with a tax-deductible donation to the Middle East Forum.Daniel J. Pipes (The MEF is a publicly supported, nonprofit organization under section 501(c)3 of the Internal Revenue Code. Contributions are tax deductible to the full extent allowed by law. Tax-ID 23-774-9796, approved Apr. 27, 1998. For more information, view our IRS letter of determination.) |