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
Think'st thou existence doth depend on time?It doth; but actions are our epochs: mineHave made my days and nights imperishableEndless, and all alike, as sands on the shoreInnumerable atoms; and one desertBarren and cold, on which the wild waves break,But nothing rests, save carcases and wrecks,Rocks, and the salt-surf weeds of bitterness.
Lord Byron
Very few people know why art sells so high. I don’t even know.
Ai Weiwei
My conscience aches but it's going to lose the fight.
Alannah Myles
Wonderful things happen when you turn 50: you change perspective. You ask, 'Who am I? What do I want to do with my life? What have I not done that I want to do?'
Andie MacDowell
In every case, the remedy is to take action. Get clear about exactly what it is that you need to learn and exactly what you need to do to learn it. BEING CLEAR KILLS FEAR. Make it thy business to know thyself, which is the most difficult lesson in the world.
Miguel de Cervantes
I distinguish two types of human beings, Love people, who love the sky and the flowers, and Power People, who are essentially sold on naked power.
Richard Adams
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
