3 ms·

I had a similar conversation recently where I heard a great summary - price increases asymptotically as quality improves. It seems to be quite an accurate summa

I had a similar conversation recently where I heard a great summary - price increases asymptotically as quality improves. It seems to be quite an accurate summary.

skj 11y ago
Or quality improves asymptotically as price goes up.
- Luc 11y ago
  Not quite, though? You don't get double the quality by spending an extra $1000.
  - michaelt 11y ago
    Depends if it's a horizontal asymptote or an oblique asymptote.
  - skj 11y ago
    Saying that quality improves asymptotically implies that it has a max ceiling. This property is consistent with the diminishing returns you talk about.