diminishing returns
/dɪˌmɪnɪʃɪŋ rɪˈtɜːrnz/
decreasing incremental output as input increases
diminishing returns in a sentence
“Adding more workers eventually yields diminishing returns.”
Origin of diminishing returns
From diminish (Latin diminuere to lessen) + returns
Related Words
pareto optimal
a state where no one can be made better off without making another worse off
revealed preference
inferring preferences from observed choices
time preference
the relative valuation of present versus future consumption
expected utility
the weighted average of utilities across possible outcomes
risk aversion
preference for certainty over gambles with equal expected value
risk neutral
indifference between certain outcomes and gambles of equal expected value