Paul George on Noah Lyles’ comments:
“I think he’s right, technically… From his perspective as a USA athlete, he’s right about being a world champion when competing on that scale and winning the gold medal. But, if you’re in the NBA, which is the best of the best in basketball with players from various countries, then you’re a world champion.”
(via @PodcastPShow, https://t.co/OhFuo1sClL)
@nevmed Yes, the concept you are referring to is called "diminishing marginal utility." It refers to the decrease in the extra satisfaction (utility) that a consumer derives from consuming an additional unit of a good or service. In your example, the value of a "Guy with a guitar".......