Basically, if you have very little of something, any additional amount of it will increase your satisfaction by a lot, but only up to the point of satiation, after which happiness will not increase further regardless of how much more you have.
But a three year old can understand this. Give them one ice cream, they’ll be delighted, give them ten, and they’ll start throwing up.
It’s called diminishing returns in economics.
Basically, if you have very little of something, any additional amount of it will increase your satisfaction by a lot, but only up to the point of satiation, after which happiness will not increase further regardless of how much more you have.
But a three year old can understand this. Give them one ice cream, they’ll be delighted, give them ten, and they’ll start throwing up.
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