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

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Source : Howard Raiffa (1982). “The Art and Science of Negotiation”, p.31, Harvard University Press

Howard Raiffa

#Advice Quotes #Trying Quotes #Payoff Quotes

“It is only as we develop others that we permanently succeed.”
“I know people want me to sort of defend myself, to sit here and be like, 'I'm a boy, but I wear make-up sometimes.' But, you know, to me, it doesn't really matter.”
“These things happen. One day you run everything, and the next day you run like a dog.”
“Knowledge is Power. Ignorance is Bliss. But curiosityâ€”even if it had killed the catâ€”is king.”
“There is a list of things Im not allowed to discuss at the dinner table! I am extraordinarily passionate about the Black Death, which is not something most people are into.”
“I like necklaces that are short, the way skateboarders used to wear them in the seventies.”
“Two in distressmake sorrow less.”
“Preaching grace produces fruit. Preaching law produces nuts.”

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