3 ms·

What is utility if not an infinitesimal of quality of life?

• lotsofpulp 8y ago
  It is, but I think it's useful to have a different term for the utility derived from buying a candy bar as opposed to the utility derived from knowing that you will have 4 to 6 weeks of vacation, or your children will have an opportunity for a good education, or that a member of your family's health issues won't derail your family's retirement.
  • gbacon 8y ago
    Indeed, and those considerations are built into prices, which factor into each exchange. Homes in good school districts sell for more, and jobs with good or exceptional benefits may have lower takehome — as is the case with civil service jobs where being fired is nearly impossible.