Just to be clear, you know that he means negative exponential, right? His claimed utility function doesn’t exhibit increasing marginal utility, if that’s what you’re intuitively objecting to.
(If that’s not what you’re intuitively objecting to, then is there a specific aspect of the negative exponential that you find unappealing?)
Just to be clear, you know that he means negative exponential, right? His claimed utility function doesn’t exhibit increasing marginal utility, if that’s what you’re intuitively objecting to.
(If that’s not what you’re intuitively objecting to, then is there a specific aspect of the negative exponential that you find unappealing?)