A microblog post by @kareem_carr saying "as soon as i saw they were using asterisks for multiplication symbols, i knew we were in trouble", with an image from the "Office of the United States Trade Representative (Executive Office of the President)" showing the mathematical formula
$\Delta \tau_i = \frac{x_i - m_i}{\varepsilon * \varphi * m_i}$. The formula show asterisks (*) instead of multiplication signs (×).
There's also the "0.25 × 4" thing. ε is set to 0.25, and φ is set to 4. No nuance, no thought about how the economy actually works. Just make it so they can pretend they're thinking about it how demand will change.
I have a feeling that they made it up after the fact because the whole point of ε and φ there should be that they come with their own formulas that depend on the demand itself, instead of just being set to a constant value. I don't imagine a straight line is a good enough model for the world economy, especially when fucking around with stuff that can implode it.
But ChatGPT does not know that, and especially won't expand on that if you ask it "make my formula seem more scientific".
So epsilon and phi are just constants that cancel each other out? Wow. This is legit the dumbest shit I've ever heard, narrowly beating Narendra Modi's (a+b)^2 debacle (he said that the 2ab was 'extra'). Fucking illiterate, aren't they?
Most mathematicians, engineers, and scientists don’t use the asterisk symbol for multiplication. Most don’t write any symbol as it’s implicit. If they do use a symbol they would use a dot or x symbol (though never an actual x). In mathematics, the asterisk is mostly only used to represent convolutions.
Most common:
abc
Less common:
a • b • c
a × b × c
Never:
a * b * c
While to most people this doesn’t really matter (and should feel free using * for multiplication). It shows someone with minimal formal experience in mathematics using this formula
I think this is true ONLY in formal writing, which this document clearly intends to be despite it's complete inanity. Asterisks are used in computer code for multiplication and shorthand messages/emails all the time. Not many scientists/engineers/mathematicians out there that can't write at least an excel formula
I don't know, to me a * b * c is basically just the exact same as a • b • c but just easier to type on a computer. If you were writing it down on paper or a black board they would probably use dots. Coding often uses * because who wants to type in those dots would be a pain in the ass and the * basically looks the closest to a dot.
When I went to college the dot was used for the dot product (scalar product) of two vectors while the cross was used for the cross product (vector product) of two vectors.
Since in this case numbers (read: one-dimensional vectors) are multiplied, the dot product is used, which should be denoted by a dot.
(But really, if I were to write a formula in Latex I would just use the * symbol, too.)
The only times anyone would use the asterisk as multiplication symbol are
they are doing some fancy math and it's not the same kind of number multiplication we're familiar with
they are on a computer, the keyboard does not have a (×) key, and they don't know how to typeset it (\times in LaTex), so they just use the asterisk instead
There really isn't any. It's just a huge nitpick.
* is commonly used for multiplication, especially in online contexts in order to avoid confusing multiplication with the letter x when wider symbols aren't available.
According to this article, even the value of epsilon is wrong. Epsilon stands for 'price elasticity', which seems to measure how much tariffs would affect the price of an item. 0.25 is the value used by the White House, but some economists have come out saying it is actually closer to 0.945, indicating that prices are affected far greater by tariffs than what these buffoons claim. But even with the correct value, the formula makes no sense.
Without the fancy shit, it's basically (exports/imports) - 1.