You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

Eliezer_Yudkowsky comments on What resources have increasing marginal utility? - Less Wrong Discussion

36 Post author: Qiaochu_Yuan 14 June 2014 03:43AM

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

Comments (63)

You are viewing a single comment's thread.

Comment author: Eliezer_Yudkowsky 19 June 2014 11:43:53PM 4 points [-]

Both your examples are actually just about diminishing marginal penalties as you add more attention demands, moving away from 1, or as you add more defections, moving away from 0. The real question is whether there's a resource with no natural maximum that increases in marginal utility; and this shall perhaps be difficult to find.

Comment author: Qiaochu_Yuan 20 June 2014 03:15:14AM 0 points [-]

That's a good way of putting it. I had a vague thought pointing in this direction but wasn't able to verbalize it.