Basically, if you have very little of something, any additional amount of it will increase your satisfaction by a lot, but only up to the point of satiation, after which happiness will not increase further regardless of how much more you have.
But a three year old can understand this. Give them one ice cream, they’ll be delighted, give them ten, and they’ll start throwing up.
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It’s called diminishing returns in economics.
Basically, if you have very little of something, any additional amount of it will increase your satisfaction by a lot, but only up to the point of satiation, after which happiness will not increase further regardless of how much more you have.
But a three year old can understand this. Give them one ice cream, they’ll be delighted, give them ten, and they’ll start throwing up.
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