tag:blogger.com,1999:blog-33399132.post4563339363737354488..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: The limits of knowledge in economics, Part III.Richard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33399132.post-27351775266294699312014-12-27T15:12:42.311-08:002014-12-27T15:12:42.311-08:00Or an element of your utility function is variety....Or an element of your utility function is variety. So if you can choose *only once* and *only* at time t, you choose the beef burger. But because you can make a series of choices over time, you can make choices that incorporate your preference for variety.Don Coffinhttps://www.blogger.com/profile/07198988872512792834noreply@blogger.com