Showing posts with label Exponential Growth. Show all posts
Showing posts with label Exponential Growth. Show all posts

Thursday, February 12, 2015

23 million Dollar Books, Pricing Algorithms Compete on Amazon

Found this great story as a hook for exponential functions:


Basically a book called "the Making of a Fly" reached over 23 million dollars in cost when the pricing algorithms for two companies continuous competed with each other. Michael Eisen caught some of the prices over a few days and figured out the ratio between them:




Here is a current pricing of the book:




ZD Net also found some great screen shots to help tell the story. Its perfect for exponential growth:




















Friday, August 16, 2013

Pay it Forward

I am a big fan of the movie Pay it Forward. Not only is the film a tearjerker, but I think "paying it forward" could unfold into a great math lesson.

Here is how "paying it forward" works:

1. Do something nice for three people

2. Don't ask them to pay you back, ask them to pay it forward and do something nice for 3 other people.

Trevor explaining Pay it Forward to his class

I am thinking of questions like "how long would this take to effect everyone on Earth?" Students can interpret the word "long" to represent both iteration and time. 

I think its surprising that it would only take 21 iterations to reach the current population. Its also interesting to discuss how 3^20 is not nearly enough, but 3^21 is way more than enough to reach everyone everywhere. 

We could go pretty far with our modeling around this problem, but I would my students take the lead. They need to ask questions like:

-can everyone pay it forward? (think babies, deaths, etc)
-not everyone would pay it forward, so how do we deal with that in our model?

I am thinking of starting by showing the trailer:


And at some point I want to show a visual of 3^x. I would use Desmos or Geogebra for the function, but I really want to find other ways to show the idea of exponential growth. This tree has up to 3^5 (or you can view it below).





Students can always read the original story.