erratio comments on Open thread, 24-30 March 2014 - Less Wrong

6 Post author: Metus 25 March 2014 07:42AM

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Comment author: Douglas_Knight 29 March 2014 09:26:35PM 2 points [-]

There's rounding right there (23.1m * 69.35 is not a round number).

That sounds backwards to me. It looks to me like they started at the round 2.0, set 20% in cash, 80% in stock, found that required 23.1m shares of facebook and rounded that to three digits to get within 2% of the 1.6 they wanted.

Also, the incentive pay of 300m is 15% of the fixed payment, less uncertainty than rounding to 1 significant figure.