Expected Utility Theory

Famous quotes containing the words expected, utility and/or theory:

    We are expected to put the utmost energy, of every power that we have, into the service of our fellow men, never sparing ourselves, not condescending to think of what is going to happen to ourselves, but ready, if need be, to go to the utter length of self-sacrifice.
    Woodrow Wilson (1856–1924)

    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)

    Won’t this whole instinct matter bear revision?
    Won’t almost any theory bear revision?
    To err is human, not to, animal.
    Robert Frost (1874–1963)