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stinkbeetle
27 days ago
That does not follow. Many things have diminishing returns curves.
1 comments
butlike
27 days ago
Yes, but a curve trends to zero. A cap is a step function to zero. I think they're saying there's no point in removing those diminishing return gains if there's still positive value to be had.
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stinkbeetle
26 days ago
The cap would be around the point where marginal cost exceeds benefit.
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butlike
22 days ago
How do you measure that? Benefit seems like an intrinsic value to me
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