I don’t know—I don’t have a good sense of what “terminal values” mean for humans. But I suspect it does matter—for a logarithmic utility curve, figuring out the change in utility for a given delta in resources depends entirely on the proportion of the total that the given delta represents.
I don’t know—I don’t have a good sense of what “terminal values” mean for humans. But I suspect it does matter—for a logarithmic utility curve, figuring out the change in utility for a given delta in resources depends entirely on the proportion of the total that the given delta represents.