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:

    “Properly speaking, history is nothing but the crimes and misfortunes of the human race.”
    —Pierre Bayle (1647–1706)

    “Social history might be defined negatively as the history of a people with the politics left out.”
    —G.M. (George Macaulay)

    “The history of all countries shows that the working class exclusively by its own effort is able to develop only trade-union consciousness.”
    —Vladimir Ilyich Lenin (1870–1924)