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There's actually a mathematical proof that the more dollars you have, the lower the utility of the marginal dollar; utility has to fall at least logarithmically
by mitthrowaway2 1y ago
There's actually a mathematical proof that the more dollars you have, the lower the utility of the marginal dollar; utility has to fall at least logarithmically or else you fall victim to the St. Petersburg paradox.
- harmmonica 1y agoI'm glad to hear you say there's mathematical proof. I guess the sad thing is that if someone disagreed with the sentiment and then you told them there's mathematical proof that same person may be inclined to disagree with the math as well. I'm going to look up St. Pete's paradox now because never heard of that before. These are exactly the types of things I like to learn about on HN to reinforce (in this case) or rebut my takes so thanks for replying.