January 2, 2008

The Law of Decreasing Marginal Utility

Moderation is one of the keys to enjoying your life and having magic in your relationships.

The law of Decreasing Marginal Utility is one of the basic laws in economics. When applied to us, it implies that the additional pleasure derived from each repetition of any activity is less than that derived from the previous repetition. To put it simply, if you have a bag of chocolates to eat, the additional pleasure that you get from eating each chocolate is likely to be less than that from eating the previous chocolate. The pleasure keeps decreasing till you stop enjoying the chocolates. If you were to continue eating, you might actually start disliking chocolates, and eventually throw away the bag

This is true for most things in our life, be it watching movies, traveling, reading, partying, eating out or socializing. If you really want to enjoy these activities, do them in moderation, and give sufficient gaps in between repetitions. Even in your relationships, the magic would last forever if you give each other time away from each other.


Novice Writer said...

Hmm that is true..Good one..

Unknown said...

A very wise observation and very timely after the holiday seasons when many of us over-indulge in parties and food, etc. I suspect more than a few of us are secretly glad and relieved to get back to work and the normal routine.

Bon Ami said...

I have noticed this in my life. I try to be conscious of how much time I spend doing the things I enjoy, so as not to wear it out. One of those things is playing on the internet:)

Anonymous said...

Moderation is about finding balance. Thank you for your insights.

Anonymous said...

Advice well worth doing.
Thank you.

ALAK said...

Hmmmm. Interesting. Some food for thought this.

I think this quote pretty much sums up what I want to say.

"Just as your car runs more smoothly and requires less energy to go faster and farther when the wheels are in perfect alignment, you perform better when your thoughts, feelings, emotions, goals, and values are in balance"

Must add that its a tough job bringing in the "balance" though - be it towards anything.

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