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Vitalik Buterin
@vitalik.eth
What are some ways in which expensive products can be worse than cheaper ones? Examples that come to my mind: * Expensive clothes can be much less convenient to clean * In expensive hotel rooms it's often harder to figure out how to turn off all the lights * Expensive restaurants often have less choice in menus
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Yassine Landa
@yassinelanda.eth
Utility is a log function of price. Usually there is a level ($100-$160 for example for shoes) where you get same utility or worse from everything. Worse usually comes from own limitations like buying a $10,000 audio system while having suboptimal hearing.
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