Quote from: Toxic2040 on February 11, 2018, 04:18:11 AM

Quote from: BlindMayorBitcorn on February 11, 2018, 03:59:06 AM

Quote from: Toxic2040 on February 11, 2018, 03:54:48 AM

Quote from: BlindMayorBitcorn on February 11, 2018, 03:46:12 AM

This next leg down could crush my soul.

Apocalypse Cow. Amirite?

Bull tears...worse. Grin

... that bovine specimen is probably a heifer or a steer (no balls) ... not a bull. Angus btw.

Quote

The non-linearity of the utility function for money has profound implications in decision making processes: in situations where outcomes of choices influence utility through gains or losses of money, which are the norm in most business settings, the optimal choice for a given decision depends on the possible outcomes of all other decisions in the same time-period.

Cattle markets make for a great study in basic economics, freed from the abstract pretenses of ivory tower economists on the pay of central banks and rigged, centrally-controlled 'financial' markets.

The marginal utility function for money is most likely logarithmic.