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Thanks. > It's generally accepted that the value of money is roughly logarithmic as it increases I assume that is economic theory; do you remember whose or ha

Thanks. > It's generally accepted that the value of money is roughly logarithmic as it increases I assume that is economic theory; do you remember whose or have any pointers to where I can read more?

tunesmith 9y ago
I think it was Bernoulli that first talked about the logarithmic relationship of utility and value. That was back in the 1700's. I believe there have also been empirical studies that suggest that it holds up in experiments, etc.