Hmm. If we grab some study data on wealth’s mathematical relationship with utility, we might be able to decide what function best approximates it. As it is, yeah, there is no reason to prefer log to square root to anything other function.
Hmm. If we grab some study data on wealth’s mathematical relationship with utility, we might be able to decide what function best approximates it. As it is, yeah, there is no reason to prefer log to square root to anything other function.