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<p>[QUOTE="dougsmit, post: 3841835, member: 19463"]I agree with the 'too many' problem but there is another issue at play here. I am not a mathematician but sometime in elementary school I was taught something that strikes me as applicable here. Then we called it 'significant figures' but now it is the difference between analog and digital. Asssigning digital numbers 1 through 5 to grade, for example, ignores the fact that there are a thousand variations included in the term VF and another thousand opinions on which variations are more or less important. Even if we assume that all EF coins will outperform all VF coins in terms of price (wrong) we can not equate 1.5 to 2.499999 without peril. It might help to toss out results that don't play well with what we are trying to prove (never a good thing) but it is hard to digitize factors like two wealthy and pig-headed people who hate each other and get into a pushing match. I have a friend whose cat jumped on this keyboard an placed a last second bid on a coin he did not intend to buy. Factor in that! He honored the cat bid but online statistics do not always record returns, refusals, deaths of buyers etc.</p><p><br /></p><p>This exercise strikes me as fun for math people and useless for those of us who do not believe life can be reduced to a provable formula.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3841835, member: 19463"]I agree with the 'too many' problem but there is another issue at play here. I am not a mathematician but sometime in elementary school I was taught something that strikes me as applicable here. Then we called it 'significant figures' but now it is the difference between analog and digital. Asssigning digital numbers 1 through 5 to grade, for example, ignores the fact that there are a thousand variations included in the term VF and another thousand opinions on which variations are more or less important. Even if we assume that all EF coins will outperform all VF coins in terms of price (wrong) we can not equate 1.5 to 2.499999 without peril. It might help to toss out results that don't play well with what we are trying to prove (never a good thing) but it is hard to digitize factors like two wealthy and pig-headed people who hate each other and get into a pushing match. I have a friend whose cat jumped on this keyboard an placed a last second bid on a coin he did not intend to buy. Factor in that! He honored the cat bid but online statistics do not always record returns, refusals, deaths of buyers etc. This exercise strikes me as fun for math people and useless for those of us who do not believe life can be reduced to a provable formula.[/QUOTE]
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