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> I get that your utility function from money is non-linear, but I would expect a more accurate model to be a step-function I think you just answered your own
by sedachv 10y ago
> I get that your utility function from money is non-linear, but I would expect a more accurate model to be a step-function
I think you just answered your own questions - log is continuous.
- nostrademons 10y agoYour utility function doesn't have to be continuous for you to maximize it, though.