Thanks for asking, and being keen to learn about this work!
I understand this notation may not be the most easily comprehensible at first sight. Using it more often will arguably make it more understandable in the long-run.
As you say, 1 bp = 0.01 % = 0.0001. 1 G = 10^9, so 1 G$ means 1 billion dollars.
I see this is your 1st comment. Welcome to the EA Forum!
Hi CB,
Thanks for asking, and being keen to learn about this work!
I understand this notation may not be the most easily comprehensible at first sight. Using it more often will arguably make it more understandable in the long-run.
As you say, 1 bp = 0.01 % = 0.0001. 1 G = 10^9, so 1 G$ means 1 billion dollars.
I see this is your 1st comment. Welcome to the EA Forum!
thanks!