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Howard Raiffa Quotes: Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.
         

Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.


Howard Raiffa
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"Howard Raiffa Quotes." Quoteslyfe.com, 2024. Fri. 22 Nov. 2024. <https://www.quoteslyfe.com/quote/Most-people-even-in-simple-risky-situations-659516>.





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Other quotes of Howard Raiffa


the mediation of internal conflicts can be resolved by linkages with other problems.

the mediation of internal conflicts can be resolved by linkages with other problems.



A final word of advice: don't gloat about how well you have done.

A final word of advice: don't gloat about how well you have done.



Disputants often fare poorly when they each act greedily and deceptively.

Disputants often fare poorly when they each act greedily and deceptively.



The art of compromise centers on the willingness to give up something in order to get something else in return. Successful artists get more than they give up.

The art of compromise centers on the willingness to give up something in order to get something else in return. Successful artists get more than they give up.



A mediator is an impartial outsider who tries to aid the negotiators in their quest to find a compromise agreement.

A mediator is an impartial outsider who tries to aid the negotiators in their quest to find a compromise agreement.



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

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



Ideas are incestuous.

Ideas are incestuous.



We act like a zero-sum society, when in reality there is a lot of non zero-sum fat to be skimmed off to everyone's mutual advantage.

We act like a zero-sum society, when in reality there is a lot of non zero-sum fat to be skimmed off to everyone's mutual advantage.



A lot depends on the starting point.

A lot depends on the starting point.



The party that negotiates in haste is often at a disadvantage.

The party that negotiates in haste is often at a disadvantage.





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Living in the past is a conscious or an unconscious choice made through a connection to the past.

Living in the past is a conscious or an unconscious choice made through a connection to the past.



What this country needs are more unemployed politicians.

What this country needs are more unemployed politicians.



Hindsight is a beautiful thing, mage. The past is for the memory, the present is for the mind.

Hindsight is a beautiful thing, mage. The past is for the memory, the present is for the mind.



Although the butterfly and the caterpillar are completely different, they are one and the same.

Although the butterfly and the caterpillar are completely different, they are one and the same.



Time has nothing to do with the matter.

Time has nothing to do with the matter.



International markets are much bigger than the U.S. In Sweden we have 9 million inhabitants, and if you're successful in Sweden, you're not successful - it's such a small market.

International markets are much bigger than the U.S. In Sweden we have 9 million inhabitants, and if you're successful in Sweden, you're not successful - it's such a small market.



I was just wondering why you're here.

I was just wondering why you're here.



Two truths are all too often overshadowed in today's political discourse: Public service is a most honorable pursuit, and so is bipartisanship.

Two truths are all too often overshadowed in today's political discourse: Public service is a most honorable pursuit, and so is bipartisanship.



If that was good enough for George Washington, it's good enough for me.

If that was good enough for George Washington, it's good enough for me.



We don't have enough folks who grew up in working class rural communities.

We don't have enough folks who grew up in working class rural communities.




Quote Description


This page presents the quote "Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.". Author of this quote is Howard Raiffa. This quote is about behave, way, theory, utility, people, simple,.