Rational decision-making under uncertainty requires accounti... - Gary Becker

"Rational decision-making under uncertainty requires accounting for both probability and magnitude of outcomes."

Gary Becker Wisdom

Economist Sociologist American 1930–2014

More from Gary Becker

"The most valuable of all capital is that invested in human beings."

"Economics is not about money; it is about life and society."

"Human capital is the most important form of capital."

"Time is the ultimate scarce resource."

"I'm not angry, I'm just disappointed."

"The best things in life are free."

"You can't have everything in life, but you can have what matters most."

"A woman's intuition is rarely wrong."