Cool. Regarding bounded utility functions, I didn't mean you personally, I meant the generic you; as you can see elsewhere in the thread, some people do find it rather strange to think of modelling what you actually want as a bounded utility function.

This is where I thought you were missing the point:

Or you might say it's a suboptimal outcome because you just know that this allocation is bad, or something. Which amounts to saying that actually you know what the utility function should be and it isn't the one the analysis assumes.

Sometimes we (seem to) have stronger intuitions about allocations than about the utility function itself, and parlaying that to identify what the utility function should be is what this post is about. This may seem like a non-step to you; in that case you've already got it. Cheers! I admit it's not a difficult point. Or if you always have stronger intuitions about the utility function than about resource allocation, then maybe this is useless to you.

I agree with you that there are some situations where the sublinear allocation (and exponentially-converging utility function) seems wrong and some where it seems fine; perhaps the post should initially have said "person-enjoying-chocolate-tronium" rather than chocolate.