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Sum
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We act like a zero-sum society, when in reality there is a lot of non zero-sum fat to be skimmed off to everyone's mutual advantage.
Howard Raiffa
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The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.
Howard Raiffa
Quote of the day
Good authors, too, who once knew better words Now only use four-letter words Writing prose — Anything goes.
Cole Porter
Howard Raiffa
Born:
1924
Died:
July 8, 2016
(aged 92)
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