"I'm not sure how you define "smooth." Continuou..."


by Alexei Andreev Dec 16 2016

I'm not sure how you define "smooth." Continuous? Differentiable?


Eric Rogstad

Maybe "gradual" would be a better term. I mean that there aren't sharp transitions where e.g. raising 48k is not very valuable, but 50k+ is valuable.

Alexei Andreev

I think there is a version of this claim that's basically trivially true and a version that's interesting and not-obviously true. For example, utility difference between \$150k vs \$200k can be 2x larger than \$200k vs \$250k.