4 ms·
If you're running a compute task that is slow and takes an hour, then 5% additional speed saves you 3 minutes. If the computer gets 2x faster, then an additiona
by tgb 6y ago
If you're running a compute task that is slow and takes an hour, then 5% additional speed saves you 3 minutes. If the computer gets 2x faster, then an additional 5% improvement only saves you 1.5 minutes. So if utility is proportional to time (and hence inversely proportional to speed), then this makes sense.
- ColanR 6y agoTo me, that comment and response looks like a microcosm of how economics does, or doesn't, understand its subject matter.