Hi all, I read a Bloomberg article today (
https://www.bloomberg.com/news/articles/2022-07-27/fed-raise...) stating the following:
"Powell also said the Fed will slow the pace of increases [to interest rates] at some point"
This is referencing a 3rd derivative (loan obligation = base, interest rate = 1st derivative, change in interest rate = 2nd derivative, pace of changes in interest rate = 3rd derivative).
I was wondering if hackernews had any other interesting examples of higher order derivatives that one might encounter in everyday life.
-- http://www.ams.org/notices/199610/page2.pdf