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Money is just a fungible good and does have decreasing marginal utility. After the jaguar, the mansion, and so on and so forth, just being able to buy more stuff doesn't add to your utility.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Fri Apr 28th, 2006 at 09:40:48 AM EST
[ Parent ]
It depends on what else the person wants.  You might also get a huge gain from a condo on Manhattan, or from owning a yacht that you take off the coast of Italy.  I'm just saying that more and more money doesn't imply that the utility from using that money is decreasing at the margins.  It may or may not.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Fri Apr 28th, 2006 at 09:50:33 AM EST
[ Parent ]
At some point, you can just derive utility from your Forbes magazine ranking, but even then you need exponentially increasing wealth increments to advance in the ranking.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Fri Apr 28th, 2006 at 09:53:12 AM EST
[ Parent ]
Perhaps.  I, personally, wouldn't give a damn about such a ranking if I were rich, except to the extent that it would allow me to pour money into causes that I like.  (Give me Bill Gates's money, and I'll bankrupt the oil business within a decade.)

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Fri Apr 28th, 2006 at 10:08:49 AM EST
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What's your paypal account? :)


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sapere aude
by Number 6 on Fri Apr 28th, 2006 at 11:37:22 AM EST
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Don't you just use the e-mail address for that?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Fri Apr 28th, 2006 at 02:51:18 PM EST
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After the millions have been made it's all about the power. My first job out of college was in investment banking so I have intimate experience with this particular psychosis.
by CalItal on Sat Apr 29th, 2006 at 12:35:07 PM EST
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You might also get a huge gain from a condo on Manhattan  

Including Manhattan real estate isn't fair, it skews the 'how much money would I need to live a dream life' question far too much.

by MarekNYC on Fri Apr 28th, 2006 at 03:27:44 PM EST
[ Parent ]

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