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To: Dennis O'Bell who wrote (103327)8/28/2001 1:56:41 PM
From: Jon Koplik  Read Replies (1) of 152472
 
Re : "What got me out (of being heavily invested)" -- what really got you out was : the decreasing marginal utility of wealth ...

A concept that should be taught in any good first year micro-economics course.

And ... which (if it were the ONLY thing one understood and remembered from a whole year's worth of stuff) is incredibly useful and valuable information, and worth enduring a lot of "dry" lectures.

(I brought up this idea in a post I once did over on the Krispy Kreme Doughnuts thread :

Message 15136796 ).

Jon.

P.S. On that old KKD post -- the person I was responding to ... they used to have a different SI "name" (Mr. Burns).
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