Well, I wanted a more “bracketed” approach (hence, the note about making it similar to how I think income taxes work), but I suppose a continuous function could also work better as a simple formula. I’d still keep the difference between “assets below” and “assets above” median difference though.
Interesting idea.
What is the purpose of
floor()andceiling()? Why not have it be a continuous function?Well, I wanted a more “bracketed” approach (hence, the note about making it similar to how I think income taxes work), but I suppose a continuous function could also work better as a simple formula. I’d still keep the difference between “assets below” and “assets above” median difference though.
Yeah, taking the log of the “total assets / median assets” quotient is really elegant!