The Golden Ratio in Economics — 2
This further explores the topic of the "Golden Ratio" in economics—what is it? Let’s approach the issue of preferred resource allocation from a perspective that hasn’t been discussed yet. We will take the simplest model of event generation: flipping a coin and the probability of getting heads or tails. It is postulated that: The outcome of heads or tails is equally likely with each individual flip – 50 […]
