>>12791739>>12791526That's a good question.
By exponential distribution, I was referring to
how the total probability of 1 is arranged on a
graph (like an exponential funtcion of "e").
It could be the case, in all probability, that
when one waits in a line it could take 5 minutes,
or perhaps next to forever, before it's their turn.
Also, there is the memoryless property where
it doesn't matter at what point one enters the
line or how time passed before we care to start
observing the wait on the line.
With that said, compound and continuous
compound interest deals with the rate of
exponential increase of money by time and
repeated compoundings. It's true that over time
you get more money than what you started with.
One would certainly be patient to get rich
on their certificates of deposit if they stick it
out to the end. But ultimately the formulae is for
money and not for people.
>[Do we exponentially increase over time?]>[What's the human rate of interest?]>[Do we have compoundings put on us?]Now, if an INCENTIVE were placed on people to
be patient for something, that's more accurate.
It's not synonymous, but it's needed in patience
to get to payoff. You wait in a line for a teller,
the payoff is you get served by one. You wait
for your tendies to cook to a golden brown,
the payoff is you get to eat them. In those
examples, service and hunger respectively are
incentives.
I apologize if I was rambling for so long. But
in short, mathematical patience should be in the
realm of prob. theory and also game theory to
make sense. I studied prob. theory some time
ago and it's rough shit to have class on it and
rougher shit to recall everything I say here
without gaps or accidental misleadings.
