4 ms·
yes, i'd heard it talked about in relation to environmental economics, and about externalities in general, e.g., "how do you price in externalities like polluti
by clairity 6y ago
yes, i'd heard it talked about in relation to environmental economics, and about externalities in general, e.g., "how do you price in externalities like pollution in relation to our emotional enjoyment of nature?"
utility is neat in theory, but seems to be messy in practice. it's one thing to spell out the relationship, but another to calculate an analytic solution (from my limited mathematical experience, navier-stokes comes to mind in this regard).