Who has constant marginal utility of money up to $1,000,000,000?
Someone who’s already got many billions? (But then again, for such a person a 1/1000 chance of getting one more billion wouldn’t even be worth the time spent to participate in such a lottery, I suppose.)
I do, in that there are nonfatal actions that i would not take in exchange for that much money. Of course, at numbers over several hundred thousand, money loses unit utility very fast. One billion dollars has significantly less than one thousand times the value to me of one million dollars, because the things I can buy with a billion dollars are less than one thousand times as valuable to me as the things I can buy with a million.
Someone who’s already got many billions? (But then again, for such a person a 1/1000 chance of getting one more billion wouldn’t even be worth the time spent to participate in such a lottery, I suppose.)
From zero up to $1,000,000,000.
I do, in that there are nonfatal actions that i would not take in exchange for that much money. Of course, at numbers over several hundred thousand, money loses unit utility very fast. One billion dollars has significantly less than one thousand times the value to me of one million dollars, because the things I can buy with a billion dollars are less than one thousand times as valuable to me as the things I can buy with a million.