Nick_Tarleton comments on Winning the Unwinnable - Less Wrong

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

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (51)

You are viewing a single comment's thread. Show more comments above.

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: Nick_Tarleton 21 January 2010 04:49:17PM *  4 points [-]

Pretty sure it's the standard result that people don't consistently assign utilities to levels of wealth.