3 ms·
I think Derek Sivers has a lower marginal utility of income than your average schmo. :)
by hyperbovine 17y ago
I think Derek Sivers has a lower marginal utility of income than your average schmo. :)
- carterschonwald 17y agowell, thats a simple consequence of having more income though! Question: what is the right decay rate for the utility of each additional dollar of income in terms of overall buying power (assuming sane spending habits/hobbies)? I'd think it be zero up till some range, then sublinear, then some moderate polynomial, then a slow exponential? Any thoughts?
- Shamiq 17y agoI would say some kind of second derivative positive, quadratic function. / / / _________/ (That's the best I can do for the -decay- rate).