Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.


Part Four, St. Petersburg Wager, Daniel Bernoulli, p. 184 - Fortune's Formula (2005)

William Poundstone Quotes

Bernoulli's real contribution was to coin a word. The word has been translated into English as utility. It describes this subjective value people...

Bernoulli's real contribution was to coin a word. The word has been translated into English as utility. It describes this subjective value people...

Bernoulli's real contribution was to coin a word. The word has been translated into English as utility. It describes this subjective value people...

Bernoulli's real contribution was to coin a word. The word has been translated into English as utility. It describes this subjective value people...