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| | Intuitions about declining marginal utility |
 | | The measure of declining marginal utility was the utility difference between the utilities of the highest and lowest pairs of quantities of goods, e.g., the utility difference between 50 and 60 years life expectancy minus the utility difference between 75 and 85 years. |
 | | Utility of this interval was larger when it was in the bottom third than in the middle third, and this was true for both goods (mean difference 4.3, t = 3.51, p =.0010) and ratings (mean 6.69, t = 4.08, p =.0002; the two kinds of judgment did not differ). |
 | | Utility of this interval was larger when it was in the bottom third than in the middle third, and this was true for both goods (mean difference 5.5, t = 4.76, p =.0000) and ratings (mean 7.37, t = 10.13, p =.0000). |
| www.sas.upenn.edu /~jbaron/jg.htm (7131 words) |
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