Expected Utility Hypothesis/infinite Expected Value %E2%80%94 St Petersburg Paradox

Famous quotes containing the words expected, utility, hypothesis, infinite and/or paradox:

    “Accidents will occur in the best-regulated families; and in families not regulated by that pervading influence which sanctifies while it enhances ... in short, by the influence of Woman, in the lofty character of Wife, they may be expected with confidence, and must be borne with philosophy.”
    —Charles Dickens (1812–1870)

    “Moral sensibilities are nowadays at such cross-purposes that to one man a morality is proved by its utility, while to another its utility refutes it.”
    —Friedrich Nietzsche (1844–1900)

    “Oversimplified, Mercier’s Hypothesis would run like this: “Wit is always absurd and true, humor absurd and untrue.””
    —Vivian Mercier (b. 1919)

    “I feel that the Godhead is broken up like the bread at the Supper, and that we are the pieces. Hence this infinite fraternity of feeling.”
    —Herman Melville (1819–1891)

    “...This
    is the paradox of vision:
    Sharp perception softens
    our existence in the world.”
    —Susan Griffin (b. 1943)