orthonormal comments on Winning the Unwinnable - Less Wrong

4 Post author: JRMayne 21 January 2010 03:01AM

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Comment author: Douglas_Knight 21 January 2010 05:58:20AM 6 points [-]

It's a standard result that people actually treat the utility of wealth roughly logarithmically

or is it just a standard assumption? I've never heard anything more precise than declining marginal utility.

Comment author: orthonormal 21 January 2010 06:34:57AM 0 points [-]

Hmm, good question. Quick Google search doesn't turn up anything...