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Oh? What is you area of expertise, and what is its relevancy to our discussion?  (Although simply having experience in this field of study at all, I admit, gives you an edge here.)  Can you explain to me why something like what I am trying to describe is impossible to measure in a study?

What I have the idea of measuring is a combination of standard of living, quality of life, and the practical utility of additional income in improving these for various levels of income.

What I mean by diminishing returns is that additional income at high levels of income is not proportionally as useful in improving the individual's life. So, the "returns" of improvements in one's life "diminish" in relation to the proportion of increase in one's income.

I had thought I was using this term accurately. Am I not? In what way am I misusing it?



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
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The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom!