vault backup: 2026-01-11 12:50:45

2026-01-11 12:50:45 -05:00
parent 025adb476c
commit 76479bcedd
17 changed files with 250 additions and 107 deletions
@@ -14,3 +14,7 @@ tags:
 [Utility](https://en.wikipedia.org/wiki/Utility)
 is a measure of a party's satisfaction
 with a certain state of the world.
+
+The measure is intended to account for unintuitive quirks of human perception of value.
+A rich man is not as satisfied with receiving one dollar as a poor man,
+therefore the utility of the dollar is contextual, not objective.