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RE: Becoming financially literate earlier in life associated with reduced anxiety later in life according to study

in #money7 years ago

I'll somewhat agree with your preposition that we're all born with "opportunity."

And, based on the actual thought and work you've put into these replies, I'm even willing to upvote them.

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I offered my way for how Steem can be used to improve the world. I think to improve the world we must increase the utility of Steem as a whole. I view blogging as an activity which adds marginal utility until eventually it doesn't. Sooner or later there will be too many bloggers (diminishing marginal utiliy) and adding additional bloggers will not make the Steem Power holders any happier or more satisfied due to there being so much content that they simply don't have the attention available to consume it all.

In economics, utility is a measure of preferences over some set of goods and services; it represents satisfaction experienced by the consumer from a good. The concept is an important underpinning of rational choice theory in economics and game theory: since one cannot directly measure benefit, satisfaction or happiness from a good or service, economists instead have devised ways of representing and measuring utility in terms of measurable economic choices

I think Steem as a whole using SMTs can move beyond just blogging so we can all add value in our own little ways and be rewarded. I see SMTs as being able to unlock the potential of Steem to make the world better by allowing people to do more of what they are good at. I may find out I'm not best able to contribute by blogging because the HodgeTwins are just better at it. If SMTs allow me to do something else, something I'm very good at, I can continue to contribute rather than be required to blog or leave.

References

  1. https://en.wikipedia.org/wiki/Utility
  2. https://staffwww.fullcoll.edu/fchan/Micro/3utility_maximization_model.htm

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