Comment author:XiXiDu
06 June 2010 09:56:37AM
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2 points
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Yesterday, when falling asleep, I remembered that I indeed used the word 'obvious' in what I wrote. Forgot about it, I wrote the plain-English explanation from above earlier in a comment to the article 'Pigeons outperform humans at the Monty Hall Dilemma' and just copied it from there.

Anyway, I doubt it is obvious to anyone the first time. At least anyone who isn't a trained Bayesian. But for me it was enough to read some plain-English (German actually) explanations about it to come to the conclusion that the right solution is obviously right and now also intuitively so.

Maybe the problem is also that most people are simply skeptical to accept a given result. That is, is it really obvious to me now or have I just accepted that it is the right solution, repeated many times to become intuitively fixed? Is 1 + 1 = 2 really obvious? The last page of Russel and Whitehead's proof that 1+1=2 could be found on page 378 of the Principia Mathematica. So is it really obvious or have we simply all, collectively, come to accept this 'axiom' to be right and true?

I haven't had much time lately to get much further with my studies, I'm still struggling with basic Algebra. I have almost no formal education and try to educate myself now. That said, I started to watch a video series lately (The Most IMPORTANT Video You'll Ever See) and was struck when he said that to roughly figure out the doubling time you simply divide 70 by the percentage growth rate. I went to check it myself if it works and later looked it up. Well, it's NOT obvious why this is the case, at least not for me. Not even now that I have read up on the mathematical strict formula. But I'm sure, as I will think about it more, read more proofs and work with it, I'll come to regard it as obviously right. But will it be any more obvious than before? I will simply have collected some evidence for its truth value and its consistency. Things just start to make sense, or we think so because they work and/or are consistent.

Comment author:Blueberry
06 June 2010 05:44:54PM
2 points
[-]

But I'm sure, as I will think about it more, read more proofs and work with it, I'll come to regard it as obviously right. But will it be any more obvious than before?

If you're interested, here is a good explanation of the derivation of the formula. I don't think it's obvious, any more than the quadratic formula is obvious: it's just one of those mathematical tricks that you learn and becomes second nature.

Comment author:JoshuaZ
06 June 2010 05:53:45PM
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0 points
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I'm not sure I'm completely happy with that explanation. They use the result that ln(1+x) is very close to x when x is small. This is due to the Taylor series expansion of ln(1+x) (edit:or simply on looking at the ratio of the two and using L'Hospital's rule), but if one hasn't had calculus, that claim is going to look like magic.

Those explanations are really great. I've missed such in school when wondering WHY things behave like they do, when I was only shown HOW to use things to get what I want to do. But what do these explanations really explain. I think they are merely satisfying our idea that there is more to it than meets the eye. We think something is missing. What such explanations really do is to show us that the heuristics really work and that they are consistent on more than one level, they are reasonable.

Comment author:RobinZ
07 June 2010 04:03:25PM
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1 point
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That said, I started to watch a video series lately [...] and was struck when he said that to roughly figure out the doubling time you simply divide 70 by the percentage growth rate. I went to check it myself if it works and later looked it up. Well, it's NOT obvious why this is the case, at least not for me. Not even now that I have read up on the mathematical strict formula.

Well, it's an approximation, that's all. Pi is approximately equal to 355/113 - yeah, there's good mathematical reasons for choosing that particular fraction as an approximation, but the accuracy justifies itself. [edited sentence:] You only need one real revelation to not worry about how true Td = 70/r is: that the doubling time is a smooth line - there's no jaggedy peaks randomly in the middle. After that, you can just look how good the fit is and say, "yeah, that works for 0.1 < r < 20 for the accuracy I need".

## Comments (191)

Best*2 points [-]Yesterday, when falling asleep, I remembered that I indeed used the word 'obvious' in what I wrote. Forgot about it, I wrote the plain-English explanation from above earlier in a comment to the article 'Pigeons outperform humans at the Monty Hall Dilemma' and just copied it from there.

Anyway, I doubt it is obvious to anyone the first time. At least anyone who isn't a trained Bayesian. But for me it was enough to read some plain-English (German actually) explanations about it to come to the conclusion that the right solution is obviously right and now also intuitively so.

Maybe the problem is also that most people are simply skeptical to accept a given result. That is, is it really

obviousto me now or have I just accepted that it is the right solution, repeated many times to become intuitively fixed? Is 1 + 1 = 2 really obvious? The last page of Russel and Whitehead's proof that 1+1=2 could be found on page 378 of the Principia Mathematica. So is it really obvious or have we simply all, collectively, come to accept this 'axiom' to berightandtrue?I haven't had much time lately to get much further with my studies, I'm still struggling with basic Algebra. I have almost no formal education and try to educate myself now. That said, I started to watch a video series lately (The Most IMPORTANT Video You'll Ever See) and was struck when he said that to roughly figure out the doubling time you simply divide 70 by the percentage growth rate. I went to check it myself if it works and later looked it up. Well, it's NOT obvious why this is the case, at least not for me. Not even now that I have read up on the mathematical strict formula. But I'm sure, as I will think about it more, read more proofs and work with it, I'll come to regard it as obviously right. But will it be any more obvious than before? I will simply have collected some evidence for its truth value and its consistency. Things just start to make sense, or we think so because they work and/or are consistent.

If you're interested, here is a good explanation of the derivation of the formula. I don't think it's obvious, any more than the quadratic formula is obvious: it's just one of those mathematical tricks that you learn and becomes second nature.

*0 points [-]I'm not sure I'm completely happy with that explanation. They use the result that ln(1+x) is very close to x when x is small. This is due to the Taylor series expansion of ln(1+x) (edit:or simply on looking at the ratio of the two and using L'Hospital's rule), but if one hasn't had calculus, that claim is going to look like magic.

*2 points [-]Here are more examples:

Those explanations are really great. I've missed such in school when wondering WHY things behave like they do, when I was only shown HOW to use things to get what I want to do. But what do these explanations really

explain. I think they are merely satisfying our idea that there ismore to itthan meets the eye. We think something is missing. What such explanations really do is to show us that the heuristics really work and that they are consistent on more than one level, they arereasonable.*1 point [-]Well, it's an approximation, that's all. Pi is approximately equal to 355/113 - yeah, there's good mathematical reasons for choosing that particular fraction as an approximation, but the accuracy justifies itself.

[edited sentence:]You only need one realrevelationtonot worry abouthow trueTd= 70/ris: that the doubling time is a smooth line - there's no jaggedy peaks randomly in the middle. After that, you can just look how good the fit is and say, "yeah, that works for 0.1 <r< 20 for the accuracy I need".