Vernon L. Smith Quotes
Nonsatiation (Smith, 1976a). Given a costless choice be ween two alternatives which differ only in that the first yields more of the reward medium (e.g., currency) than the second, the first will always be chosen (preferred) over the second by an autonomous individual, i.e., utility U(M) is a monotone increasing function of the reward medium.
Vernon L. Smith
Quotes to Explore
The market town of Cheltenham, in Gloucestershire, was a popular 19th - century English spa. Its mineral springs were supposed to be good for you. This was before the invention of bran. In the 20th century, Cheltenham grew into an active municipality.
Edith Pearlman
My job is to support businesses, that means promoting British commerce in the big emerging markets that have been neglected in the past. It means keeping Britain open to inward investors, trade and skilled workers. It means cutting red tape which is suffocating growing companies which create jobs.
Vince Cable
American feminism’s nose dive began when Kate Millet, that imploding beanbag of poisonous self-pity, declared Freud a sexist. Trying to build a sex theory without studying Freud, women have made nothing but mud pies.
Camille Paglia
Something that is merely negative creates nothing.
Karl Marx
Sultan Aladdin… had few illusions about his own people: amiable, well-favoured, courteous, they loved rest better than industry… their function was to remind the toiling Chinese, Indians and British of the ultimate vanity of labour.
Anthony Burgess
Jesus, take the wheel.
Carrie Underwood
For anyone who is alone, without God and without a master, the weight of days is dreadful. Hence one must choose a master, God being out of style.
Albert Camus
'Is it agreeable?' somebody asked.
Aldous Huxley
Every time I'm in Georgia, I eat a peach for peace.
Duane Allman
The American Dream is that any man or woman, despite of his or her background, can change their circumstances and rise as high as they are willing to work.
Fabrizio Moreira
Some people are so much afraid of being deceived, that they never venture to trust; like misers, their avarice destroys their gain.
Norm MacDonald
Nonsatiation (Smith, 1976a). Given a costless choice be ween two alternatives which differ only in that the first yields more of the reward medium (e.g., currency) than the second, the first will always be chosen (preferred) over the second by an autonomous individual, i.e., utility U(M) is a monotone increasing function of the reward medium.
Vernon L. Smith
