Non Linear Thinking
On today’s show we’re talking about math. That’s right math. We humans are used to linear thinking. It’s how many of us interact with our physical world.
When you double the distance, it takes twice as long to get there. If the price goes up by a dollar, you need to take one more dollar out of your wallet. This is all linear thinking. This is the way we are used to seeing the world. We are not accustomed to thinking of geometric functions. Geometric functions accelerate. These are functions where the number in the exponent is greater than 1.
Your parents no doubt taught you about the power of compounding. They probably used the example of compound interest, and how over time, with the power of compounding, you can multiply your earnings.
We humans are really terrible at understanding this. Most people don’t save money because they can’t see the tangible benefit in the short term.
-----------------
Host: Victor Menasce
email: [email protected]
You May Also Like

Prof G Markets
Vox Media Podcast Network

Handelsblatt Today – Der Finanzpodcast mit News zu Börse, Aktien und Geldanlage
Solveig Gode, Nicole Bastian, Sandra Groeneveld, Nele Dohmen, Anis Mičijević, Ben Mendelson, Aileen Bunte

How Money Works
How Money Works

Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT
WELT

Brushwood Media Network
Brushwood Media Network

Ostan Asuntoja Podcast
Harri Huru

Happy Work - Bien-être au travail et management bienveillant
Gaël Chatelain-Berry

Børsmorgen & Økonominyhetene
Finansavisen

Jota Jota Podcast
ATrinca Mídia

Motivational Speech
Motivational Speech
Community discussion