A logarithm is the power which a certain number is raised to get another number. Before calculators and various types of complex computers were invented it was difficult for scientists and ...
The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other ...
The ability to map numbers onto a line is universal. But for an Amazonian tribe, this mapping is not linear but logarithmic. The finding illuminates both the nature and the limits of the human ...