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HomeMIT IDS.333 Risk and Decision Analysis, Fall 2021Unit 10: Utility Analysis and Multidimensional Evaluation, Video 2: Diminishing Marginal Utility
Unit 10: Utility Analysis and Multidimensional Evaluation, Video 2: Diminishing Marginal Utility
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This video explains the concept of diminishing marginal utility and emphasizes the important practical exceptions that decision-makers should appreciate.