this post was submitted on 11 Nov 2023
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Work Reform

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[–] [email protected] 1 points 2 years ago* (last edited 2 years ago)

I have a theory about this: We group money in magnitudes of tens up to a million but then jump up from 10x to 1,000x:

1

10

100

1,000

10,000

100,000

1,000,000

1,000,000,000

That’s a huge increase but our minds like patterns so we instinctively feel that a billion must be about 10x a million and not the 1,000x it really is, thus leading to huge inaccuracies.