Original Position - History

History

The concept of the original position was first used by the Hungarian economist John Harsanyi. Harsanyi argued that a person in the original position would maximize his or her expected utility, rather than choosing minimax.

Read more about this topic:  Original Position

Famous quotes containing the word history:

    In all history no class has been enfranchised without some selfish motive underlying. If to-day we could prove to Republicans or Democrats that every woman would vote for their party, we should be enfranchised.
    Carrie Chapman Catt (1859–1947)

    It takes a great deal of history to produce a little literature.
    Henry James (1843–1916)

    The visual is sorely undervalued in modern scholarship. Art history has attained only a fraction of the conceptual sophistication of literary criticism.... Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. It has failed to see the electrifying sign language of images.
    Camille Paglia (b. 1947)