That's a good point, but at least we don't know what money is worth
(value is largely a matter of opinion).

"Fortunately", though, this is balanced by a bulk of our population
feeling miserable about not having enough of the stuff or for various
other equally sensible reasons. (Currently a lot of people seem to be
upset because doctors are not doing enough to compensate for their not
exercising and while we claim to have the best health care system in
the world, objectively [looking at life expectancy] ours is worse than
approximately three dozen other countries - which, of course, cost
less to run).

But it's not like I have any good ideas for how to fix all these broken issues.

-- 
Raul

On Sun, Aug 13, 2017 at 10:17 AM, Don Guinn <[email protected]> wrote:
> What bothers me is that even though the source of data is unreliable, once
> run through a computer program people tend to believe that now the results
> are very accurate. One particular measure is oil reserves in the USA and
> world. We don't even know within a power of 10 what is out there. Do we
> include various methods of recovery like secondary, tertiary, various
> injection methods in our estimates? What fields being explored now may
> produce? We only have rough estimates on the size of fields. Yet oil
> companies have to report to the government the value of these reserves to
> the dollar.
>
> On Sat, Aug 12, 2017 at 8:43 PM, Don Kelly <[email protected]> wrote:
>
>> I think that Don Guinn was referring to the fact that the output results
>> from input of n sig figs will not be good to anything better than n  sig
>> figs. You have pointed out limits in  the representation of base 10
>> integers in a base 2 system. In fact, the results of multiplying 2 4 digit
>> numbers might result in an overflow or conversion to float with truncation.
>>
>> Don Kelly
>> On 2017-08-12 12:19 PM, 'Bo Jacoby' via Programming wrote:
>>
>>> Don Guinn wrote: "But few things need precision beyond 16 significant
>>> digits". Well, just computing the determinant of a 4*4 matrix of 4-figure
>>> integers require 16 digit precision!
>>>
>>>      Den 1:52 lørdag den 12. august 2017 skrev Don Kelly <[email protected]>:
>>>
>>>   Right on!
>>>
>>> In most numerical operations on a  computer, there is an inherent
>>> propagation of errors (in fact Numerical analysis texts spend a lot of
>>> effort on ways to reduce such errors) and 16 or more digits don't
>>> provide precision greater than  that of the input data but do reduce the
>>> computational  fuzz to an insignificant level. The ideal kit for a
>>> student using a hand calculator would be a strip of electrical tape to
>>> cover the extra digits.
>>>
>>> Don Kelly
>>>
>>>
>>> On 2017-08-11 6:33 AM, Don Guinn wrote:
>>>
>>>> We too often assume that calculations carried out to 16 significant
>>>> digits
>>>> are accurate when the input may not be known to less than 2 or 3
>>>> significant digits. We can calculate the distance to the moon accurately
>>>> to
>>>> the wavelength of visible light in IEEE floating point. We can calculate
>>>> the national debt to the penny. Maybe calculating relativistic effects
>>>> on a
>>>> satellite orbiting the earth might exceed IEEE floating point. But few
>>>> things need precision beyond 16 significant digits.
>>>>
>>>> On Thu, Aug 10, 2017 at 11:14 PM, Don Kelly <[email protected]> wrote:
>>>>
>>>> isn't an advantage of APL and J that the person writing a
>>>>> program/app/whatever, doesn't  have to deal with the distinctions
>>>>> between
>>>>> integer and damn near integer  within the limitations of the computer
>>>>> binary resolution?. In most cases this isa good thing because close
>>>>> enough
>>>>> -given the +/- of data input is sufficient for the idiot box to decide.
>>>>> J
>>>>> moves away from C/C++/ and other languages which often seem to be
>>>>> emphasizing stuff that Iverson tried to eliminate in APL and J . Muh of
>>>>> that stuff is something that can be handled by the idiot box so that:
>>>>>
>>>>> Problem-->basic analysis--. coding that fits the analysis rather than
>>>>> the
>>>>> details( users aim at the essentials rather than the details- "/I  want
>>>>> the
>>>>> answer and I dont care about what is involved in the background of %,*
>>>>> */
>>>>>
>>>>> The discussion below deals with representation of numeric values being
>>>>> floating point or integer when pushing the limits-IS IT IMPORTANT IN THE
>>>>> REAL WORLD unless  you have a Cray in the back bedroom?
>>>>>
>>>>> Old fart expressing opinions
>>>>>
>>>>> Don Kelly
>>>>>
>>>>> On 2017-08-10 6:27 PM, Bill wrote:
>>>>>
>>>>> I suspect J interpreter didn't has the knowledge  that the original
>>>>>> string had been 9999999999999999.3
>>>>>> with .3 because what J saw was the floating point result of parsing by
>>>>>> c
>>>>>> library. Ieee floating point has 15 to 16 significant digits so that
>>>>>> 1e16
>>>>>> and 1e16-1 is the same number.
>>>>>>
>>>>>> Perhaps one could use long double to parse number on J64.
>>>>>>
>>>>>> Sent from my iPhone
>>>>>>
>>>>>> On 10 Aug, 2017, at 3:48 AM, Henry Rich <[email protected]> wrote:
>>>>>>
>>>>>> Quite right.
>>>>>>
>>>>>>> Henry Rich
>>>>>>>
>>>>>>> On Aug 9, 2017 20:46, "Raul Miller" <[email protected]> wrote:
>>>>>>>
>>>>>>> Well, since it's encoded as an integer (which I would have noticed if
>>>>>>>
>>>>>>>> I had read Bob Therriault's original post more closely), and not
>>>>>>>> [like
>>>>>>>> I was thinking] a float, I agree that dropping the .3 is better than
>>>>>>>> adding a 1.
>>>>>>>>
>>>>>>>> That said, I guess we also should not object too loudly if
>>>>>>>> 9999999999999999.3 were instead encoded the same as
>>>>>>>> 9999999999999999+0.3 gets encoded.
>>>>>>>>
>>>>>>>> Thanks,
>>>>>>>>
>>>>>>>> --
>>>>>>>> Raul
>>>>>>>>
>>>>>>>> On Wed, Aug 9, 2017 at 3:25 PM, Henry Rich <[email protected]>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>> Surely integer 999...9 is a better value than 1000...0 .
>>>>>>>>>
>>>>>>>>> Henry Rich
>>>>>>>>>
>>>>>>>>> On Aug 9, 2017 18:33, "Raul Miller" <[email protected]> wrote:
>>>>>>>>>
>>>>>>>>> It's not a bug, it's an artifact of the 64 bit floating point
>>>>>>>>> standard.
>>>>>>>>>
>>>>>>>>>>      2 ^.9999999999999999
>>>>>>>>>> 53.1508
>>>>>>>>>>
>>>>>>>>>> https://en.wikipedia.org/wiki/IEEE_754#Basic_and_interchange
>>>>>>>>>> _formats
>>>>>>>>>>
>>>>>>>>>> The binary64 format has 53 binary digits or 15.95 decimal digits.
>>>>>>>>>> This
>>>>>>>>>> means ".16#'9' cannot be represented exactly using this format.
>>>>>>>>>>
>>>>>>>>>> And, we do not use exact representation of large numbers by default
>>>>>>>>>> because that's too slow for large datasets. Put differently, if you
>>>>>>>>>> want exact representation and are willing to take the performance
>>>>>>>>>> hit,
>>>>>>>>>> you should specify that. For example: ".'x',~16#'9' or
>>>>>>>>>> ".'3r10+','x',~16#'9'
>>>>>>>>>>
>>>>>>>>>> Thanks,
>>>>>>>>>>
>>>>>>>>>> --
>>>>>>>>>> Raul
>>>>>>>>>>
>>>>>>>>>> On Wed, Aug 9, 2017 at 12:05 PM, Henry Rich <[email protected]>
>>>>>>>>>>
>>>>>>>>>> wrote:
>>>>>>>>> This is a bug,  since 999...9.3 should become 999...9 rather than
>>>>>>>>>
>>>>>>>>>> 100...0.
>>>>>>>>>>
>>>>>>>>>> I'm away from home now,  but I think what's happening is this:
>>>>>>>>>>>
>>>>>>>>>>> 999...9 is converted to integer
>>>>>>>>>>>
>>>>>>>>>>> . is encountered and turns it to float
>>>>>>>>>>>
>>>>>>>>>>> It's rounded to the nearest float which is 100...0
>>>>>>>>>>>
>>>>>>>>>>> As a final step the JE checks to see if the value is exactly
>>>>>>>>>>> integral,
>>>>>>>>>>> which it is,  and it is converted back to integer.
>>>>>>>>>>>
>>>>>>>>>>> If you add this to Interpreter/Bugs I'll fix it when i get back.
>>>>>>>>>>>
>>>>>>>>>>> Henry Rich
>>>>>>>>>>>
>>>>>>>>>>> On Aug 9, 2017 16:16, "bill lam" <[email protected]> wrote:
>>>>>>>>>>>
>>>>>>>>>>> I think this is the difference between 32 and 64-bit,
>>>>>>>>>>>
>>>>>>>>>>>      9!:14''
>>>>>>>>>>> j602/2008-03-03/16:45
>>>>>>>>>>>      3!:0[ 9999999999999999.3
>>>>>>>>>>> 4
>>>>>>>>>>>
>>>>>>>>>>> In J32
>>>>>>>>>>>
>>>>>>>>>>>      a.i. 2 fc 9999999999999999.3
>>>>>>>>>>> 0 128 224 55 121 195 65 67
>>>>>>>>>>>      a.i. 2 fc 1e16
>>>>>>>>>>> 0 128 224 55 121 195 65 67
>>>>>>>>>>>
>>>>>>>>>>> the number has the same bit pattern as 1e16 (an integer)
>>>>>>>>>>> which can be represented as a 64-bit integer. I guess
>>>>>>>>>>> J64 is correct since 9999999999999999.3 and 1e16 is the
>>>>>>>>>>> same number in ieee fp and J prefers integer to floats,
>>>>>>>>>>> eg
>>>>>>>>>>>      3!:0 [ 2.0
>>>>>>>>>>> 4
>>>>>>>>>>>
>>>>>>>>>>> Ср, 09 авг 2017, robert therriault написал(а):
>>>>>>>>>>>
>>>>>>>>>>> Hi Pascal,
>>>>>>>>>>>>
>>>>>>>>>>>> I see the same behaviour in j806 as j805. Do you see something
>>>>>>>>>>>>
>>>>>>>>>>>> different?
>>>>>>>>>>>        JVERSION
>>>>>>>>>>>
>>>>>>>>>>>> Engine: j806/j64avx/darwin
>>>>>>>>>>>> Beta-4: commercial/2017-06-27T12:55:06
>>>>>>>>>>>> Library: 8.06.03
>>>>>>>>>>>> Qt IDE: 1.5.3/5.6.2
>>>>>>>>>>>> Platform: Darwin 64
>>>>>>>>>>>> Installer: J806 install
>>>>>>>>>>>> InstallPath: /users/bobtherriault/j64-806
>>>>>>>>>>>> Contact: www.jsoftware.com
>>>>>>>>>>>>      (; datatype) 999999999999999.3
>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>> │1e15│floating│
>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>      (; datatype) 9999999999999999.3
>>>>>>>>>>>> ┌─────────────────┬───────┐
>>>>>>>>>>>> │10000000000000000│integer│
>>>>>>>>>>>> └─────────────────┴───────┘
>>>>>>>>>>>>      (; datatype) 99999999999999999.3
>>>>>>>>>>>> ┌──────────────────┬───────┐
>>>>>>>>>>>> │100000000000000000│integer│
>>>>>>>>>>>> └──────────────────┴───────┘
>>>>>>>>>>>>      (; datatype) 999999999999999999.3
>>>>>>>>>>>> ┌───────────────────┬───────┐
>>>>>>>>>>>> │1000000000000000000│integer│
>>>>>>>>>>>> └───────────────────┴───────┘
>>>>>>>>>>>>      (; datatype) 9999999999999999999.3
>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>> │1e19│floating│
>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>
>>>>>>>>>>>> Cheers, bob
>>>>>>>>>>>>
>>>>>>>>>>>> On Aug 9, 2017, at 7:54 AM, 'Pascal Jasmin' via Programming <
>>>>>>>>>>>> [email protected]> wrote:
>>>>>>>>>>>> in j806,    9999999999999999.310000000000000000 probably the
>>>>>>>>>>>> j805
>>>>>>>>>>>> behaviour is preferred.  If only for consistency.  But there may
>>>>>>>>>>>> be
>>>>>>>>>>>>
>>>>>>>>>>> a
>>>>>>>>>>>
>>>>>>>>>>> good
>>>>>>>>>>
>>>>>>>>>> reason for change.
>>>>>>>>>>>
>>>>>>>>>>>        From: robert therriault <[email protected]>
>>>>>>>>>>>>
>>>>>>>>>>>>> To: Programming forum <[email protected]>
>>>>>>>>>>>>> Sent: Wednesday, August 9, 2017 10:40 AM
>>>>>>>>>>>>> Subject: [Jprogramming] Integer-floating type change for large
>>>>>>>>>>>>>
>>>>>>>>>>>>> numbers
>>>>>>>>>>>>
>>>>>>>>>>> in j805 and j806
>>>>>>>>>
>>>>>>>>>> I am guessing that the following has something to do with
>>>>>>>>>>>> precision of
>>>>>>>>>>>>
>>>>>>>>>>> large numbers in j805 and is also true for j806.
>>>>>>>>>
>>>>>>>>>>      (; datatype) 999999999999999.3
>>>>>>>>>>>>
>>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>>> │1e15│floating│
>>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>>      (; datatype) 9999999999999999.3
>>>>>>>>>>>>> ┌─────────────────┬───────┐
>>>>>>>>>>>>> │10000000000000000│integer│
>>>>>>>>>>>>> └─────────────────┴───────┘
>>>>>>>>>>>>>      (; datatype) 99999999999999999.3
>>>>>>>>>>>>> ┌──────────────────┬───────┐
>>>>>>>>>>>>> │100000000000000000│integer│
>>>>>>>>>>>>> └──────────────────┴───────┘
>>>>>>>>>>>>>      (; datatype) 999999999999999999.3
>>>>>>>>>>>>> ┌───────────────────┬───────┐
>>>>>>>>>>>>> │1000000000000000000│integer│
>>>>>>>>>>>>> └───────────────────┴───────┘
>>>>>>>>>>>>>      (; datatype) 9999999999999999999.3
>>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>>> │1e19│floating│
>>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>>      JVERSION
>>>>>>>>>>>>> Engine: j805/j64/darwin
>>>>>>>>>>>>> Release: commercial/2016-12-11T08:17:56
>>>>>>>>>>>>> Library: 8.05.14
>>>>>>>>>>>>> Qt IDE: 1.5.4/5.6.2
>>>>>>>>>>>>> Platform: Darwin 64
>>>>>>>>>>>>> Installer: J805 install
>>>>>>>>>>>>> InstallPath: /applications/j64-805
>>>>>>>>>>>>> Contact: www.jsoftware.com
>>>>>>>>>>>>>
>>>>>>>>>>>>> Further investigation shows me it was not this way with the 32
>>>>>>>>>>>>> bit
>>>>>>>>>>>>>
>>>>>>>>>>>>> version of j701, so it may be an artifact of moving to 64 bit?
>>>>>>>>>>>>          (; datatype) 999999999999999.3
>>>>>>>>>>>>
>>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>>> │1e15│floating│
>>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>>      (; datatype) 9999999999999999.3
>>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>>> │1e16│floating│
>>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>>      (; datatype) 999999999999999999.3
>>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>>> │1e18│floating│
>>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>>      (; datatype) 9999999999999999999.3
>>>>>>>>>>>>> ┌────┬────────┐
>>>>>>>>>>>>> │1e19│floating│
>>>>>>>>>>>>> └────┴────────┘
>>>>>>>>>>>>>      JVERSION
>>>>>>>>>>>>> Engine: j701/2011-01-10/11:25
>>>>>>>>>>>>> Library: 7.01.088
>>>>>>>>>>>>> Platform: Darwin 32
>>>>>>>>>>>>> Installer: j701a_mac_intel.dmg
>>>>>>>>>>>>> InstallPath: /Applications/j701
>>>>>>>>>>>>>
>>>>>>>>>>>>> Cheers, bob
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>> ------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>> ----------
>>>>>>>>>>>>
>>>>>>>>>>> For information about J forums see http://www.jsoftware.com/
>>>>>>>>>>>
>>>>>>>>>>>> forums.htm
>>>>>>>>>>>>
>>>>>>>>>>>>> ------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>> ----------
>>>>>>>>>>>>
>>>>>>>>>>> For information about J forums see http://www.jsoftware.com/
>>>>>>>>>>>
>>>>>>>>>>>> forums.htm
>>>>>>>>>>>>
>>>>>>>>>>> ------------------------------------------------------------
>>>>>>>>>>> ----------
>>>>>>>>>>>
>>>>>>>>>> For information about J forums see http://www.jsoftware.com/
>>>>>>>>>
>>>>>>>>>> forums.htm
>>>>>>>>>>>
>>>>>>>>>> --
>>>>>>>>>
>>>>>>>>>> regards,
>>>>>>>>>>> ====================================================
>>>>>>>>>>> GPG key 1024D/4434BAB3 2008-08-24
>>>>>>>>>>> gpg --keyserver subkeys.pgp.net --recv-keys 4434BAB3
>>>>>>>>>>> gpg --keyserver subkeys.pgp.net --armor --export 4434BAB3
>>>>>>>>>>> ------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>> ----------
>>>>>>>>>>
>>>>>>>>> For information about J forums see http://www.jsoftware.com/
>>>>>>>>>
>>>>>>>>>> forums.htm
>>>>>>>>>>
>>>>>>>>> ------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>> ----------
>>>>>>>>>>
>>>>>>>>> For information about J forums see http://www.jsoftware.com/
>>>>>>>>>
>>>>>>>>>> forums.htm
>>>>>>>>>>
>>>>>>>>> ------------------------------------------------------------
>>>>>>>>> ----------
>>>>>>>>>
>>>>>>>>>> For information about J forums see http://www.jsoftware.com/forum
>>>>>>>>>> s.htm
>>>>>>>>>>
>>>>>>>>>> ------------------------------------------------------------
>>>>>>>>> ----------
>>>>>>>>> For information about J forums see http://www.jsoftware.com/forum
>>>>>>>>> s.htm
>>>>>>>>>
>>>>>>>>> ------------------------------------------------------------
>>>>>>>> ----------
>>>>>>>> For information about J forums see http://www.jsoftware.com/forum
>>>>>>>> s.htm
>>>>>>>>
>>>>>>>> ------------------------------------------------------------
>>>>>>> ----------
>>>>>>> For information about J forums see http://www.jsoftware.com/forum
>>>>>>> s.htm
>>>>>>>
>>>>>>> ------------------------------------------------------------
>>>>>> ----------
>>>>>> For information about J forums see http://www.jsoftware.com/forums.htm
>>>>>>
>>>>>> ----------------------------------------------------------------------
>>>>> For information about J forums see http://www.jsoftware.com/forums.htm
>>>>>
>>>> ----------------------------------------------------------------------
>>>> For information about J forums see http://www.jsoftware.com/forums.htm
>>>>
>>> ----------------------------------------------------------------------
>>> For information about J forums see http://www.jsoftware.com/forums.htm
>>>
>>>     ------------------------------------------------------------
>>> ----------
>>> For information about J forums see http://www.jsoftware.com/forums.htm
>>>
>>
>> ----------------------------------------------------------------------
>> For information about J forums see http://www.jsoftware.com/forums.htm
> ----------------------------------------------------------------------
> For information about J forums see http://www.jsoftware.com/forums.htm
----------------------------------------------------------------------
For information about J forums see http://www.jsoftware.com/forums.htm

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