Expected Utility Hypothesis/infinite Expected Value %e2%80%94 St Petersburg Paradox

Famous quotes containing the words expected, utility, hypothesis, infinite and/or paradox:

    Vanessa wanted to be a ballerina. Dad had such hopes for her.... Corin was the academically brilliant one, and a fencer of Olympic standard. Everything was expected of them, and they fulfilled all expectations. But I was the one of whom nothing was expected. I remember a game the three of us played. Vanessa was the President of the United States, Corin was the British Prime Minister—and I was the royal dog.
    Lynn Redgrave (b. 1943)

    Moral sensibilities are nowadays at such cross-purposes that to one man a morality is proved by its utility, while to another its utility refutes it.
    Friedrich Nietzsche (1844–1900)

    It is more than likely that the brain itself is, in origin and development, only a sort of great clot of genital fluid held in suspense or reserved.... This hypothesis ... would explain the enormous content of the brain as a maker or presenter of images.
    Ezra Pound (1885–1972)

    In nature’s infinite book of secrecy
    A little I can read.
    William Shakespeare (1564–1616)

    ... it is the desert’s grimness, its stillness and isolation, that bring us back to love. Here we discover the paradox of the contemplative life, that the desert of solitude can be the school where we learn to love others.
    Kathleen Norris (b. 1947)