New Books in Science, Technology, and Society cover image

Noah Giansiracusa, "Robin Hood Math: Take Control of the Algorithms That Run Your Life" (Penguin, 2025)

New Books in Science, Technology, and Society

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Understanding Logarithmic Perception of Money

This chapter explores how our perception of money is influenced by logarithmic scaling, similar to our perception of sound and light. It highlights the importance of recognizing the number of digits in monetary values over the total amounts, affecting our understanding of income, wealth, and their impact on happiness.

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