Meszaros, progress

DANIEL.DAVIES at flemings.com DANIEL.DAVIES at flemings.com
Fri Oct 1 07:42:03 PDT 1999



>Yep. If you make it to ten, you have a good chance of making it to
>50. Of course by then you've lost all your teeth...
>
>I would quarrel with the "single-figure factoid": I still haven't
>figured out a better one number to start with than e(0).
>
>Brad

I can't think of a better one number to sum up economic production than GDP, but we all know that that is unscientific and hoodwinks poor people .... I think that e(0) is a bad number to choose because the law of iterated expectations doesn't apply -- e(0) != e0(e(10)). And the distortion is worse becasue you're taking the expectation too near the point in life when most fatalities occur. I'd choose e(n) where n was the modal age at death.

dd

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