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> utility is more linear or superlinear around where their earnings are I am not sure what you mean. An extra $1k per month means tons more when you earn $1k c
by danuker 5y ago
> utility is more linear or superlinear around where their earnings are
I am not sure what you mean. An extra $1k per month means tons more when you earn $1k compared to when you earn $5k.
- dan-robertson 5y agoOk, I take back superlinear, but log utility says that an extra $500 when you earn $1k is like earning an extra $2500 when you earn $5k, but I claim it is more like earning say $1000 when you earn $5k (so not linear but not really log either—more like square root)