I’m not convinced that it is a reasonable common regime to be in for utils(dollars). I think that it might be a reasonably common response to physical trauma: 1001 blows to the head are not as much worse than 1000 blows as the first blow was (particularly if the 100th was fatal...).
Do you mean you’re skeptical that there is diminishing marginal negative utility?
I’m not convinced that it is a reasonable common regime to be in for utils(dollars). I think that it might be a reasonably common response to physical trauma: 1001 blows to the head are not as much worse than 1000 blows as the first blow was (particularly if the 100th was fatal...).
I mean I’m skeptical of increasing marginal utility of money.
I take that as a yes.
I don’t have any data; I just have the reasoning that I’ve already presented, plus more of the same.