hidden budget
King of Cool
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Joined: May 2001
Posts: 14,212
Likes: 8
From: Miami Beach, FL
[quote]Originally posted by Porsche911NYC:
<strong>Perhaps I'll do my dissertation on proving the concept of diminishing marginal utility wrong as it relates to Porsches. If I could do that, I just may be awarded the Nobel Prize.
</strong><hr></blockquote>
Now that sounds like a plan!
<strong>Perhaps I'll do my dissertation on proving the concept of diminishing marginal utility wrong as it relates to Porsches. If I could do that, I just may be awarded the Nobel Prize.
</strong><hr></blockquote>Now that sounds like a plan!
Pro
Joined: Jan 2002
Posts: 653
Likes: 0
From: Manhattan Beach, CA
I have found the hidden budget to work well at home (I am an accountant...no Enron jokes please...). The difficult hurdle for me has been the time away from the family with two small kids for DE's and those 3 hour trips to the market to pick up a gallon of milk! <img src="graemlins/burnout.gif" border="0" alt="[burnout]" /> Hard to hide the fact that I am not home to help with the rugrats.
I a day at the spa for my wife for every DE that I attend has worked out pretty well so far. I then get the kids for that day...Pretty even trade.
I a day at the spa for my wife for every DE that I attend has worked out pretty well so far. I then get the kids for that day...Pretty even trade.
Addict
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Joined: May 2001
Posts: 2,710
Likes: 1
From: Lexington, KY
[quote]Originally posted by Porsche911NYC:
<strong>Your math may be correct, but there exists an inverse relationship between quantity & satisfaction; this is known as the concept of diminishing marginal utility. In more simpler terms, the second Big Mac will yield less satisfaction to the consumer than the first, and the third still less than the second. In other words, each successive unit derives less satisfaction.</strong><hr></blockquote>
Mike, this is not true if you've got a serious case of the munchies. To stop after the first hamburger is to experience severe deprivation, which can only be relieved by the ever more enjoyable 2nd and 3rd burger. I will grant you that a point of diminishing returns does develop shortly after this point.
<strong>Your math may be correct, but there exists an inverse relationship between quantity & satisfaction; this is known as the concept of diminishing marginal utility. In more simpler terms, the second Big Mac will yield less satisfaction to the consumer than the first, and the third still less than the second. In other words, each successive unit derives less satisfaction.</strong><hr></blockquote>
Mike, this is not true if you've got a serious case of the munchies. To stop after the first hamburger is to experience severe deprivation, which can only be relieved by the ever more enjoyable 2nd and 3rd burger. I will grant you that a point of diminishing returns does develop shortly after this point.
