{"id":232,"date":"2005-12-22T09:42:00","date_gmt":"2005-12-22T04:12:00","guid":{"rendered":"https:\/\/manuscrypts.com\/test\/?p=232"},"modified":"2021-01-02T14:07:35","modified_gmt":"2021-01-02T08:37:35","slug":"marginal-utility","status":"publish","type":"post","link":"https:\/\/manuscrypts.com\/test\/2005\/12\/22\/marginal-utility\/","title":{"rendered":"Marginal Utility"},"content":{"rendered":"<div align=\"justify\"><span style=\"font-family:verdana;\">I can see all those with a fair knowledge of economics arch their eyebrows upward :).. to confess,i dont know it in depth&#8230; all i remember is the &#8216;orange&#8217; example&#8230; and so (for the benefit of those who dont know the theorem) here goes, the satisfaction you gain by eating oranges decreases with each orange that you eat&#8230; and orange was only an example (for those who dont like oranges, and those who dont eat more than an orange at a time, i dont think you were considered while formulating the theory)&#8230; well, now since everyone is on the same page, the reason for the reference is to do with happiness&#8230; does the law of diminishing marginal utility apply to happiness.. <\/span><\/div>\n<div align=\"justify\"><span style=\"font-family:verdana;\">i faintly remember the prof saying that it was only applicable to (thats when i slept off..)&#8230;.and so, i will humor my thought&#8230; even though happiness can come through different sources -listening to good music, an appreciative comment, good food, pay hike, doing a good deed, landing a good job, a good spouse and so on and so forth, could it be that our chances of deriving happiness out of something- anything, could be decreasing.. if not chances, at least the amount of happiness that we derive&#8230;<\/span><\/div>\n<div align=\"justify\"><span style=\"font-family:verdana;\">if we keeping getting all the things that make us happy, maybe we start failing to appreciate them, which is perhaps what is happening to us right now&#8230; with so much of currency floating around, EMIs and credit card swipes may have changed the way we look at happiness, and made &#8216;happiness&#8217; more easy, to the extent that even happiness is commoditised&#8230; maybe thats exactly whats wrong&#8230;<br \/>until next time, laws are meant to be broken&#8230;<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>I can see all those with a fair knowledge of economics arch their eyebrows upward :).. to confess,i dont know it in depth&#8230; all i remember is the &#8216;orange&#8217; example&#8230; and so (for the benefit of those who dont know the theorem) here goes, the satisfaction you gain by eating oranges decreases with each orange <a class=\"read-more\" href=\"https:\/\/manuscrypts.com\/test\/2005\/12\/22\/marginal-utility\/\">[&hellip;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1479,412,6056],"tags":[687,6127],"class_list":["post-232","post","type-post","status-publish","format-standard","hentry","category-thoughtstream","category-life","category-society-culture","tag-happiness","tag-marginal-utility"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/posts\/232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":1,"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"predecessor-version":[{"id":15215,"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/posts\/232\/revisions\/15215"}],"wp:attachment":[{"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/manuscrypts.com\/test\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}