I was musing about a particular limit,
$L = \prod\limits_{n > 0} \bigl(1 - 2^{-n}\bigr)$:
we may bound 0.288 < L < 0.308, which we may show by taking the logarithm:
$\ln(L) = \ln \bigl( \frac{315}{1024}\bigr) + \sum\limits_{n > 4} \ln\bigl(1 - 2^{-n}\bigr) > \ln\bigl(\frac{315}{1024}\bigr) - \sum\limits_{n > 4} 2^{-n} =\; \ln\bigl(\frac{315}{1024} \cdot \mathrm e^{-1/16}\bigr)$.
I was wondering if this type of infinite product (or the corresponding sum of logarithms) has a name, and whether there are techniques for obtaining a closed form expression for the limit.
The product $$\phi (x) = \prod_{n > 0} (1 - x^n)$$ is called the Euler function, and is well studied. I don't know of any way to compute values at special points. The Euler identity can be used to compute numerical values.