I don’t think constant g is important. If your g changes you can just recompute the formula. Remember, the formula gives your instantaneous rate of value creation.
Glad you liked it. I decided on two posts in case some people didn’t know integrals or weren’t concerned with the derivation of the equation and were willing to take my word that it made sense.
I was looking at the “I don’t think constant *g* is” in the Recent Comments sidebar when that occurred to me. Even cases where it’s training are dealt with—just treat the payoff as distributed over the period of training, I suppose.
Glad you liked it. I decided on two posts in case some people didn’t know integrals or weren’t concerned with the derivation of the equation and were willing to take my word that it made sense.
Oh, I see it! That’s pretty clever (although you assume constant g as well). I would like to see “When to Self-Improve in Practice” posted here.
(Actually, I would have probably posted both in one essay, were it not too long.)
I don’t think constant g is important. If your g changes you can just recompute the formula. Remember, the formula gives your instantaneous rate of value creation.
Glad you liked it. I decided on two posts in case some people didn’t know integrals or weren’t concerned with the derivation of the equation and were willing to take my word that it made sense.
I was looking at the “I don’t think constant *g* is” in the Recent Comments sidebar when that occurred to me. Even cases where it’s training are dealt with—just treat the payoff as distributed over the period of training, I suppose.
That’s a good thought—sort of an inverse of what EY did with technical appendicies.