Expected utility theory provides a framework for understandi... - Gary Becker

"Expected utility theory provides a framework for understanding risky decisions."

Gary Becker Philosophy

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've seen the worst humanity has to offer."

"Sometimes I wonder if the world is worth saving."

"Every choice shapes our destiny."

"Order is the foundation of a good life."