Sättigungsfunktion
Sättigungsfunktion is a German term that translates to saturation function in English. It is a mathematical concept used in various fields, including economics, psychology, and engineering, to describe a phenomenon where a response or effect increases with an input but eventually levels off, reaching a maximum or saturation point. Imagine a plant absorbing water. Initially, it absorbs water rapidly. However, as the soil becomes saturated, the rate of absorption slows down and eventually stops. This diminishing rate of increase is characteristic of a saturation function.
In economics, saturation functions can model consumer behavior. For instance, the satisfaction derived from consuming a
Technically, a saturation function is a non-linear function that is monotonically increasing but has an upper