Sep 16 2014

Cash Gifting Systems Exploit Math Illiteracy

Category: MathematicsAdmin @ 8:17 pm

Math-phobic children often grow up to be math-phobic adults. Math-phobic adults are sometimes exploited for their money, even if they do not have much of it. Although Spark a Playful Mind is mostly about children and learning, I want discuss one of the many “get-rich-quick” schemes my friend recently introduced me to, because it shows […]

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Sep 16 2014

A Simplistic Mathematical Model of a Cash Gifting System

Category: MathematicsAdmin @ 1:58 pm

Introduction A gifting system, in its purist form, sells no goods or services, but promises to make you money through the people you recruit to sign up. Below is a simple mathematical model showing how, in principle, such a system cannot go on forever. There will always be people who lose money. On the other […]

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