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Linear with respect to your budget. The post is correct, that putting consumption on top gives a better "feel" for how much money you'll save.
by leif 14y ago
Linear with respect to your budget. The post is correct, that putting consumption on top gives a better "feel" for how much money you'll save.
- dfc 14y agoCorrect? When did comparisons of interpersonal utility schedules become a factual matter? I agree that the article is poorly reasoned. I think part of it is the writing style. The first two sentences make no sense to me. I still cannot figure out what the "related measures" are related to and I have never understood why people type the contraction "we're." It makes me wish I could place a thousand upvotes on the recent "please learn to communicate" article.
- leif 14y agoWhen psychologists were invented. People understand linear measures better than inverse measures.
- einhverfr 14y agoBut linear vs inverse depends entirely on what questions you are asking. If I want to know how much discretionary driving I can afford, MPG is a better measure. If I want to know how much the car will cost to operate over fixed driving requirements (commuting, etc) GP100M is a better measurement. Maybe we can just have both ;-)
- schiffern 14y ago…and most people aren't asking that question. Gasoline is an incredibly inelastic commodity.
- dfc 14y agoDon't tell the economists...