Relative Risk Aversion

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

    In a country where misery and want were the foundation of the social structure, famine was periodic, death from starvation common, disease pervasive, thievery normal, and graft and corruption taken for granted, the elimination of these conditions in Communist China is so striking that negative aspects of the new rule fade in relative importance.
    Barbara Tuchman (1912–1989)

    Risk! Risk anything! Care no more for the opinion of others, for those voices. Do the hardest thing on earth for you. Act for yourself. Face the truth.
    Katherine Mansfield (1888–1923)

    When in a serious mood, it seems to me that those people are illogical who feel an aversion toward death. As far as I can see, life consists exclusively of horrors, unpleasantnesses and banalities, now merging, now alternating.
    Anton Pavlovich Chekhov (1860–1904)