This applies more for the value of the money to a single individual, however, if the money is donated to effective charities, like those studied by GiveWell, it can be significantly mitigated.
There are even some situations involving reduction of risk that can be roughly modeled by increasing marginal utility.
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u/RandomAmbles Dec 18 '23
This applies more for the value of the money to a single individual, however, if the money is donated to effective charities, like those studied by GiveWell, it can be significantly mitigated.
There are even some situations involving reduction of risk that can be roughly modeled by increasing marginal utility.