marginal utility
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Aug 18, 2022 by Howard Smith · across every show →
Everything said about marginal utility, oldest first
Aug 18, 2022
Smith: Information Produces Edge Until Marginal Utility Turns Negative
“Drawing the line when the marginal utility of an extra unit of information is no longer positive, I think is an important skill because you can get yourself very confused and you can drown in too much information. So drawing the line on what makes sense and wh…”