Regularities in Spearman’s Law of Diminishing Returns

Optimal decision making and matching are tied through diminishing returns.

How individuals make decisions has been a matter of long-standing debate among economists and researchers in the life sciences. In economics, subjects are viewed as optimal decision makers who maximize their overall reward income. This framework has been widely influential, but requires a complete knowledge of the reward contingencies associated with a given choice situation. Psychologists and ...

Economies Evolve by Energy Dispersal

Economic activity can be regarded as an evolutionary process governed by the 2 law of thermodynamics. The universal law, when formulated locally as an equation of motion, reveals that a growing economy develops functional machinery and organizes hierarchically in such a way as to tend to equalize energy density differences within the economy and in respect to the surroundings it is open to. Div...

Information Flow in Networks and the Law of Diminishing Marginal Returns: Evidence from Modeling and Human Electroencephalographic Recordings

We analyze simple dynamical network models which describe the limited capacity of nodes to process the input information. For a proper range of their parameters, the information flow pattern in these models is characterized by exponential distribution of the incoming information and a fat-tailed distribution of the outgoing information, as a signature of the law of diminishing marginal returns....

Diminishing Returns and Asian NIEs - How They Overcome the Iron Law

The Law Op Diminishing Returns in Agriculture

A correct understanding of the law of diminishing returns both as to its application, as well as to its statement as a principle, is fundamental in any study designed to measure the effect of increasing units of an input factor upon the output whether this output be in the form of plant growth or animal production. Immediately following Von Liebig's emphasis of the need by plants of various min...