Sep 22, 11 •
171 Views •
Behavioral Economics, Businesses, Financial Markets, Government, International Trade and Finance, Macroeconomic Measurement, Thinking Economically •
Elaine Schwartz •
Does it matter that low first digits occur more frequently? First some history. During the 1920s, Frank Benford, a physicist at GE, noticed that “one” appeared more frequently as the first digit of a number. To test his thesis, he accumulated
©2014 econlife.com. All rights reserved.
Proudly powered by WordPress. Online by imago.
Get email updates on the topics you care about & new developments on the site.