So, if a person spent a research effort equivalent to “1,000 hours of quality-adjusted research” on estimating their utility function, the result would be a D4 function.
Shouldn’t this be “D3”? If I understand correctly: D0 is 1 hour, D1 is 10 hours, D2 is 100 hours, D3 is 1000 hours and D4 is 10,000 hours.
Shouldn’t this be “D3”? If I understand correctly: D0 is 1 hour, D1 is 10 hours, D2 is 100 hours, D3 is 1000 hours and D4 is 10,000 hours.
Good point, fixing!