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The assumption that individuals act objectively in accordance with purely mathematical dictates to maximize their gain or utility cannot be sustained by empirical observation.

— Richard Arnold Epstein

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More quotes by Richard Arnold Epstein

The earliest full-length account of a chariot race appears in Book xxiii of the Iliad.

The hope of a positive expected gain lies in detecting a wheel with sufficient bias.

Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.

A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.

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Quote text and notes from Wikiquote: Richard Arnold Epstein (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.