Tuesday, October 16, 2007
Some people say I've been studying too hard, but I guess when uncertainty is amidst, one would prefer to engage in activities to minimise risk in the future. If I could sign a futures contract to fix risk in the future I would. If anyone gets my analogy. ANYWAY, I think I've been studying too hard too. Why? Allow me to explain to you the Cobb-Douglas Production Function of studies and you'll understand.
Commonly this function is used on capital stock, to predict economic growth in a country. For low levels of capital stock, each increase in capital stock will lead to larger increases in GDP, till marginal product of capital stock kicks in, resulting in diminishing increases in GDP for each increase in capital stock. SO, for low levels of revision done on one subject, each chapter of revision done will lead to larger increases our understanding of the subject until marginal product of revision kicks in. Then for each chapter of revision done, we add smaller increases in our understanding till we reach our potential level of understanding. This makes sense because topics covered last in the course will still be fresh in your memory while topics covered earlier will be dusty.
Have I studied too hard???I'm experiencing marginal product of revision!!! What's the solution? Increase potential understanding. I can't increase the chapters to revise because there's a limit on that. So I have to increase my total factor productivity, i.e. my study method. OK, now I've studied too hard.
Dan
5:39 pm
