Dr. Jürgen Knödlseder on Nostr: I was e-mailing to an #economists who used the formula log(x+y)=log(x)+log(y) in his ...
I was e-mailing to an #economists who used the formula log(x+y)=log(x)+log(y) in his paper, pointing out that it was wrong (should be log(xy)=log(x)+log(y)). He answered that it was not a problem, and other economists do the same. I confirm: his paper was not the first where I have seen this misuse of the logarithm.
Just to recall: that’s high-school math 🤯 #economics
Published at
2024-10-02 17:08:34Event JSON
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