Brother William

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This reasoning is well captured by utility theory. If I’m a corporation with limitless funds, losing $100,000 might not be so bad—let’s say it’s worth −100 utils—while winning $200,000 brings me 200 utils. In that case, dollars and utils might match up to be nicely linear; a util is just another name for a grand.
How Not to Be Wrong: The Power of Mathematical Thinking
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