PeterExplainsTheJoke

Idk nothing about economics.

Idk nothing about economics.

I think it's economics related but I can't understand

https://i.redd.it/zabw34mseobf1.png
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1 day ago
swatisha4390

Economics Peter here.

https://preview.redd.it/1bwnvlodgobf1.png?width=201&format=png&auto=webp&s=5ca1dba68fc17a9b71220822034418efc4d44427

Diminishing marginal utility basically mentions how with every successive exposure to something, our utility to it reduces.

Example: You love mangoes. you're probably gonna enjoy 1 nice mango right now. You might enjoy a 2nd or 3rd one, but you won't enjoy the 2nd and 3rd ones as much as the first one. Voila, diminishing marginal utility.

HOWEVER, when we develop crushes, this doesn't seem to happen. Every time we see them around we're filled with just as many butterflies every single time. It doesn't reduce.

Unless you blow your shot with them. but that's not my field to discuss.

Economics Peter out.

1 day ago
CynnamonBiskit

I totally blew my shot with my crush. For a while I just felt empty when I saw her, like I didn’t know if I loved her or hated her (she’d been rude to me for a while after the incident)

1 day ago
Round-External-7306

I blew my shot into my crush too. My balls felt so empty for ages.

1 day ago
CynnamonBiskit

Wtf

1 day ago
Henrook

My crush blew me till I shot

1 day ago
not_adonitologist

Heheh that's funny

1 day ago
WastingTimesOnReddit

he still thinks his crush is hot after all these years

1 day ago
Kaispada

Diminishing marginal utility is just the observation of "people use units of goods for the things they want more before they use them for the things they want less"

Econ peter is using a common (but wrong) analogy

The fact that you are seeing your crush many times and not feeling less good to see them is just an indication that the amount of "seeing your crush" you would need to fulfill your desire to "see your crush a lot" is higher than the amount of "seeing your crush" that actually occurs

and/or

It's a units problem. You think the units of the good in question are "instances of seeing your crush" while in reality, the unit of the good in question is something else.

1 day ago
so_im_all_like

It's also because OOP hasn't gotten their crush yet... and then gotten 100,000 more of them.

1 day ago
METRlOS

Diminishing: shrinking

Utility: value

Udk basic English. He sees his crush and still likes seeing her.

1 day ago
Alarming-Wish2607

Sometimes people don’t understand a joke because it’s just not a very good joke

1 day ago