I remember something similar from high school."Would you rather have a million dollars today, or...
$1 doubled every day for a month?".
Even without compounding or accumulating, (so just like the chessboard analogy) it starts to take off pretty soon:.End of week 1: $64End of week 2: $16,192End of week 3: $2,072,576.Now you're doubling in the millions....End of week 4: $265,289,728!.So really, the 2nd 2/3 of the chessboard is pretty intense...
Any gambler knows that doubling up can get real scary real quick!!
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- Rice on a chessboard = exponential growth
I remember something similar from high school. "Would you rather...
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