Howard Raiffa Quote

The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

Part I, Chapter 2, Research Perspectives, p. 31 - The Art and Science of Negotiation (1982)

The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.