A Quote by Edmund Phelps

Entrepreneurs have only the murkiest picture of the future in which they are making their bets, and also there is ambiguity: they don't know when they push this lever or that lever that the outcome is going to be what they think it is going to be - there is the law of unanticipated consequences.

Edmund Phelps

Quote Topics

Also Ambiguity Bets Consequences Entrepreneurs Future Going Know Law Lever Making Only Outcome Picture Push Think Which

Quote Author

Edmund Phelps
American - Economist
Born: July 26, 1933

We have this powerful lever at Google Ventures, which is to invest $200 million a year. This is a huge lever. It's not all going into one place; it's going into lots of start ups and founders and entrepreneurs, all of which are levers to try and change the world in one way or another.

Bill Maris

There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.

Larry Hite

I grew up in a family of Republicans. And when I was 18 and registering to vote, my mom’s only instruction was ‘You just go in and pull the big Republican lever.’ That’s my welcome to adulthood. She’s like, ‘No, don’t even read it. Just pull the Republican lever.

Tina Fey

I grew up in a family of Republicans. And when I was 18 and registering to vote, my mom's only instruction was 'You just go in and pull the big Republican lever.' That's my welcome to adulthood. She's like, 'No, don't even read it. Just pull the Republican lever.

Tina Fey

Voting is a very scary arena to be in, but I do vote. I go in there and pull the lever. It's kind of like pulling the lever and watching the trap door fall out from beneath you. Why should we trust any of these people? None of them ever deliver on anything. It's always disappointing.

Mel Gibson

Our model of Nature should not be like a building-a handsome structure for the populace to admire, until in the course of time some one takes away a corner stone and the edifice comes toppling down. It should be like an engine with movable parts. We need not fix the position of any one lever; that is to be adjusted from time to time as the latest observations indicate. The aim of the theorist is to know the train of wheels which the lever sets in motion-that binding of the parts which is the soul of the engine.

Arthur Eddington

But no, I'm not political. My obligation is to pull the lever and elect somebody who's going to make life a little better for everybody, especially those who don't have as much good fortune as others.

Mark Wahlberg

It's so quiet this high up, the feeling you get is that you're one of those space monkeys. You do the little job you're trained to do. Pull a lever. Push a button. You don't understand any of it, and then you just die.

Chuck Palahniuk

The United States tried, by depressing the clutch of diplomacy and downshifting the gearshift lever of rhetoric, to remain neutral, but it became increasingly obvious that the nation was going to get into a war, especially since it was almost 1812.

Dave Barry

I think politics is the biggest lever of change in India.

Nandan Nilekani

O vanity! you are the lever by means of which Archimedes wished to lift the earth!

Mikhail Lermontov

Civil disobedience is a lever which can move the world by using peace as a fulcrum.

Mehmet Murat Ildan

Purpose has always been part of Unilever's DNA. Our founder, William Lever, built a business around the sale of Lifebuoy soap that was not only profitable and sustainable but also helped transform the health of the poor in Victorian Britain.

Paul Polman

The French revolution was a .eune invented and constructed for the purpose of manufacturing liberty; but it had neither lever cogs, nor adjusting powers, and the consequences were that it worked so rapidly that it destroyed its own inventors, and set itself on fire.