vault backup: 2026-03-14 23:47:41
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@@ -20,6 +20,21 @@ The measure is intended to account for unintuitive quirks of human perception of
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A rich man is not as _satisfied_ by receiving one dollar as a poor man would be,
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therefore the utility of the dollar is contextual, not objective.
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## In This Notebook
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I use "utility" perhaps a bit loosely compared to Wikipedia.
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If I say that some voluntary activity "has high utility",
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I mean that it is worth doing,
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even considering the expense
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(usually labor or dollars).
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In this way "utility" is more of a signal
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that I'm speaking objectively,
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and that I've thought about
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## See Also
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[Sorites paradox in utility theory](https://en.wikipedia.org/wiki/Sorites_paradox#Resolutions_in_utility_theory)
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## Normative and Descriptive Utility
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