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Peter_de_Blanc comments on Circular Altruism - Less Wrong
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What function is that? I thought human utility over money was roughly logarithmic, in which case loss of utility per cent lost would grow until (theoretically) hitting an asymptote. (Also, why would it make sense for it to eventually start falling?)
So you're saying that being broke is infinite disutility. How seriously have you thought about the realism of this model?
Obviously I didn't mean that being broke (or anything) is infinite disutility. Am I mistaken that the utility of money is otherwise modeled as logarithmic generally?
Then what asymptote were you referring to?
It was in response to the "indefinitely" in the parent comment, but I think I was just thinking of the function and not about how to apply it to humans. So actually your original response was pretty much exactly correct.
It was a silly thing to say.
I wonder if it's correct, then, that the marginal disutility (according to whatever preferences are revealed by how people actually act) of the loss of another dollar actually does eventually start decreasing when a person is in enough debt. That seems humanly plausible.