Re:Peter Doig sued for disavowing 40-year-old painting
by theseatoms on Thursday July 07, 2016 @07:35PM
(#12052760)
> There's a difference economically, because the derivative of marginal utility with respect to income is (generally) negative. In other words, utility is concave with respect to the origin[0].
Sure.. many economic models make this simplifying assumption. But each man defines his own utility functions, by their very nature.
Sure.. many economic models make this simplifying assumption. But each man defines his own utility functions, by their very nature.