"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."

--

Source : William Poundstone (2010). “Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street”, p.184, Macmillan

William Poundstone

#Real Quotes #People Quotes #Coins Quotes

“I was a huge bookworm as a kid, and you could usually find me reading something with a dragon on its cover.”
“While I was with Procol Harum, the only time I'd see my guitar was either when I walked onstage or in the studio.”
“Well, I've always been interested in approaching a big city in a train, and I can't exactly describe the sensations, but they're entirely human and perhaps have nothing to do with aesthetics.”
“I really wanted to work with David Lynch. I was a big fan of The Elephant Man and Eraserhead.”
“Irreversible is not glamorous at all. I try to do different things because I want to grow as an actress and I like to take risks”
“I watch the springs, the summers, the autumns; And when comes the winter snow monotonous, I shut all the doors and shutters To build in the night my fairy palace.”
“And, for an instant, she stared directly into those soft blue eyes and knew, with an instinctive mammalian certainty, that the exceedingly rich were no longer even remotely human.”

Source : William Gibson (1987). “Count Zero”, p.24, Penguin
“I started playing professional basketball in 1971, and I played professionally for five seasons before going to Philadelphia.”

You may also like:

Amos Tversky
Cognitive Psychologist
Claude Shannon
Mathematician
Duff McDonald
Journalist
Edwin Lefevre
Journalist
Jack D. Schwager
Author
John von Neumann
Mathematician
Nassim Nicholas Taleb
Author
Paula Poundstone
Comedian
Martin S. Schwartz
Trader