An alarm I carry to scare off dogs didn’t scare a dog that terrorized me recently, but it accidentally kept me safe in a different way. That’s why I was eager to talk about utility in this edition of Doing What Works.

Here are your show notes…

A util is “a hypothetical unit measuring satisfaction.”

Nibbles & Bits are worth it!

Marginal utility is “the amount of additional utility provided by an additional unit of an economic good or service.”