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)

    “It is not a piece of fine feminine Spitalfields silk—but is of the horrible texture of a fabric that should be woven of ships’ cables & hausers. A Polar wind blows through it, & birds of prey hover over it. Warn all gentle fastidious people from so much as peeping into the book—on risk of a lumbago & sciatics.”
    —Herman Melville (1819–1891)

    “Our aversion to lying is commonly a secret ambition to make what we say considerable, and have every word received with a religious respect.”
    —François, Duc De La Rochefoucauld (1613–1680)