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:

    The one duty we owe to history is to rewrite it.
    Oscar Wilde (1854–1900)

    The true theater of history is therefore the temperate zone.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    He wrote in prison, not a History of the World, like Raleigh, but an American book which I think will live longer than that. I do not know of such words, uttered under such circumstances, and so copiously withal, in Roman or English or any history.
    Henry David Thoreau (1817–1862)