Rates Can be Deceiving
Wednesday, July 2nd, 2008This article recently brought up an excellent point on how some rates can be deceiving, and even reduce the likelihood that we will make the right decision. The example involved comparing impressions of fuel efficiency in miles per gallon versus gallons per mile, or gallons per ten thousand miles. While identifying the better of two [...]
This article recently brought up an excellent point on how some rates can be deceiving, and even reduce the likelihood that we will make the right decision. The example involved comparing impressions of fuel efficiency in miles per gallon versus gallons per mile, or gallons per ten thousand miles. While identifying the better of two options in either case is easy regardless of the rate, other types of evaluations can be much more complex if we end up using the wrong units. Read the rest of this entry »



















