3 ms·
well, 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 te
by carterschonwald 17y ago
well, 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).