Howard Raiffa - People Quotes

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Game theory, however, deals only with the way in which ultrasmart, all knowing people should behave in competitive situations, and has little to say to Mr. X as he confronts the morass of his problem.

Howard Raiffa

It's worth repeating here, though, because we are talking about mechanisms for resolving conflict and many people don't realize it's impossible to devise a foolproof scheme.

Howard Raiffa

Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.

Howard Raiffa