DEFINITION of 'Euler's Constant'
The limit of the sum of 1 + 1/2 + 1/3 + 1/4 ... + 1/n, minus the natural log of n as n approaches infinity. Euler's constant is represented by the lower case gamma (γ), and appears in calculus as a derivative of a logarithmic function. It is the difference between a harmonic series and the natural logarithm (log base e).
INVESTOPEDIA EXPLAINS 'Euler's Constant'
Information on Euler's constant was presented by the Swiss mathematician Leonard Euler in the 18th century in his work "De Progressionibus Harmonicus Observationes". Mathematicians are uncertain as to whether it is a rational, transcendental (like pi) or algebraic number. It is not the same as Euler's number, e, nor is it as well known as pi or e.
RELATED TERMS

Generalized AutoRegressive Conditional ...
An econometric term developed in 1982 by Robert F. Engle, an ... 
Generalized AutoRegressive Conditional ...
A statistical model used by financial institutions to estimate ... 
Volatility
1. A statistical measure of the dispersion of returns for a given ... 
LogNormal Distribution
A statistical distribution of random variables which have a normally ... 
Kurtosis
A statistical measure used to describe the distribution of observed ... 
Cape Cod Method
A method used to calculate loss reserves that uses weights proportional ...
RELATED FAQS

How can I create a yield curve in Excel?
You can create a yield curve in Microsoft Excel if you are given the time to maturities of bonds and their respective yields ... Read Full Answer >> 
How do I calculate my effective tax rate using Excel?
Your effective tax rate can be calculated using Microsoft Excel through a few standard functions and an accurate breakdown ... Read Full Answer >> 
How do I perform a financial analysis using Excel?
Investors can use Excel to run technical calculations or produce fundamental accounting ratios. Corporations use Excel to ... Read Full Answer >> 
Is there an easy way to do financial forecasting in Excel?
There is no easy way to conduct financial forecasting. All forecasting involves the technically impossible act of predicting ... Read Full Answer >> 
How do I calculate a forward rate in Excel?
You need to have the zerocoupon yield curve information to calculate forward rates, even in Microsoft Excel. Once the spot ... Read Full Answer >> 
What are the benefits of using ceteris paribus assumptions in economics?
Most, though not all, economists rely on ceteris paribus conditions to build and test economic models. The reason they do ... Read Full Answer >>
Related Articles

Investing Basics
Achieving Optimal Asset Allocation
Minimizing risk while maximizing return is any investor's prime goal. The right mix of securities is the key to achieving your optimal asset allocation. 
Options & Futures
Volatility's Impact On Market Returns
Find out how to adjust your portfolio when the market fluctuates to increase your potential return. 
Mutual Funds & ETFs
Understanding Volatility Measurements
How do you choose a fund with an optimal riskreward combination? We teach you about standard deviation, beta and more! 
Forex Education
Trading With Gaussian Models Of Statistics
The entire study of statistics originated from Gauss and allowed us to understand markets, prices and probabilities, among other applications. 
Fundamental Analysis
Calculating Future Value
Future value is the value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today. 
Economics
What is Deadweight Loss?
Mainly used in economics, deadweight loss can be applied to any deficiency caused by an inefficient allocation of resources. 
Economics
How to Do a CostBenefit Analysis
The benefits of a given situation or businessrelated action are summed and then the costs associated with taking that action are subtracted. 
Fundamental Analysis
Calculating the HerfindahlHirschman Index (HHI)
The HerfindhalHirschman Index, (HHI) is a measure of market concentration and competition among market participants. 
Investing
How To Implement A Smart Beta Investing Strategy
Smart beta investing is the notion of rewriting investment rules to improve investment outcomes by targeting exposures to intuitive ideas or factors. 
Investing
Market Crisis: Does Diversification Still Work?
If you still aren’t sold on the benefits of international diversification, you may object that: Diversification didn’t work during the last market crisis.