Absolute Risk Aversion

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

    The central paradox of motherhood is that while our children become the absolute center of our lives, they must also push us back out in the world.... But motherhood that can narrow our lives can also broaden them. It can make us focus intensely on the moment and invest heavily in the future.
    Ellen Goodman (20th century)

    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)

    Our books are false by being fragmentary: their sentences are bon mots, and not parts of natural discourse; childish expressions of surprise or pleasure in nature; or, worse, owing a brief notoriety to their petulance, or aversion from the order of nature,—being some curiosity or oddity, designedly not in harmony with nature, and purposely framed to excite surprise, as jugglers do by concealing their means.
    Ralph Waldo Emerson (1803–1882)