TThe Law of Diminishing Marginal Utility and other things that I never think about
In this post:
What is a fact without context, knowledge frameworks, and The Law of Diminishing Marginal Utility.
Think about something that you never or almost never think about. Something neutral, not something dramatic or two charged with negative connotations, nothing too full of emotions. Take your time. Of all objects in the universe, which ones you almost never think about? Well, for starters you do not think about things that you don’t know, things that might as well do not exist because you do not know that they do. I found something, I almost never think about turkey basters, NFL players, or cricket.
Something else I never really think about is The Law of Diminishing Marginal Utility.
According to investopedia:
“The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product.”
So what? What do I do with that fact? I want to talk about it and I want to think about it. I’m really curious, but the concept is so far from my knowledge framework that I wouldn’t even know what to ask.
Are you ever curious about that immense universe out there, all the things that you know nothing about, all the things that you cannot think about because you don’t know them? Does the sky seemed expansively open to you or oppressively open? Is it OK to know that there are so many things that we don’t know, will never know, and will never think about? For that matter, do you think the internet contains all the knowledge that there is in the universe or in the world at least?