Most people don't think that utilons are linear with job-productivity-years
Are you talking descriptive or normative?
If descriptive, most people don't think in terms of utilons at all, and if normative I would like to see some arguments for the assertion that differences in wealth/income generate negative utility.
Are you talking descriptive or normative?
Most people have beliefs which imply a comparison in which utilons are not linear with job-productivity-years.
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