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by OJFord
1830 days ago
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Payouts are also non-linear though, with enormous discontinuities. Your millionth dollar might have less marginal utility, but you were never going to win 10^6 -1 dollars anyway. So really to consider marginal utility you need 'margins' as wide as the payouts. (Really stretching/breaking the meaning of marginal, but hopefully you see what I mean.) |
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