Absolute Risk Aversion

Famous quotes containing the words absolute, risk and/or aversion:

    As liberty of thought is absolute, so is liberty of speech, which is “inseparable” from the liberty of thought. Liberty of speech, moreover, is essential not only for its own sake but for the sake of truth, which requires absolute liberty for the utterance of unpopular and even demonstrably false opinions.
    Gertrude Himmelfarb (b. 1922)

    Better risk loss of truth than chance of error—that is your faith-vetoer’s exact position. He is actively playing his stake as much as the believer is; he is backing the field against the religious hypothesis, just as the believer is backing the religious hypothesis against the field.
    William James (1842–1910)

    Quintilian [educational writer in Rome around A.D. 100] thought that the earliest years of the child’s life were crucial. Education should start earlier than age seven, within the family. It should not be so hard as to give the child an aversion to learning. Rather, these early lessons would take the form of play—that embryonic notion of kindergarten.
    C. John Sommerville (20th century)