Thursday, April 23, 2015

Relax the constraints

"When you only allow a limited amount of TV, then the marginal utility of a little more tv is high and every other option looks like a poor one, comparatively. Watching more TV becomes the focus of the person's thinking, since the marginal utility is so high. Relax the constraints and, after a period of adjustment and experimentation to determine accurate marginal utilities, the focus on TV will disappear and it will become just another option."

This applies to anything—not just TV/video.

photo by Janine Davies
__

No comments:

Post a Comment

Please comment!