A Quote by Frank Knight
The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.
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I can't do it. I've been here before and it's not a room with a view. The only power I have is the negative power of withdrawal. If I don't withdraw I have no power at all. A relationship where one person has no power or negative power, isn't a relationship, it's the bond between master and slave.
Probability and expectation are not the same. Its probability and probability times the pay off.
It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.
I would have to say the probability of us dying seems extremely high.
It was our use of probability theory as logic that has enabled us to do so easily what was impossible for those who thought of probability as a physical phenomenon associated with "randomness". Quite the opposite; we have thought of probability distributions as carriers of information.
According to theism, if a universe is to have any probability of existing, this probability is dependent upon God's beliefs, desires and creative acts. But the Hartle-Hawking probability is not dependent on any supernatural considerations; Hartle and Hawking do not sum over anything supernatural in their path integral derivation of the probability amplitude.
The probability that we will get into a car accident is a million times higher than the probability we will suffer as a result of terrorist act.
Slave power crushes freedom of speech and of opinion. Slave power degrades labor. Slave power is arrogant, is jealous and intrusive, is cruel, is despotic, not only over the slave but over the community, the state.
The grand assertion is that you must see the world through probability and that probability is the only guide you need.
If you get rid of emotion for a minute and think about the threat of terrorism statistically, it's not even there. The probability that you will slip on a wet floor in your bathroom and die is a thousand times higher than the probability of you dying as a result of terrorism.
It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.
If I could have any power in the world, it would be super-metabolism. I would love to eat anything and not gain weight! That would be a great power. I would have an intravenous Guinness with me, everywhere I went! But I wouldn't want to know what my wife is thinking. It's a difficult power, yeah.
What is the cause of historical events? Power. What is power? Power is the sum total of wills transferred to one person. On what condition are the willso fo the masses transferred to one person? On condition that the person express the will of the whole people. That is, power is power. That is, power is a word the meaning of which we do not understand.
Wages is a cunning device of the devil, for the benefit of tender consciences, who would retain all the advantages of the slave system, without the expense, trouble, and odium of being slave-holders.
A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.
The fact is that I have lived with the belief that power, any kind of power, was the one thing forbidden to poets. ... Power requires that the inner person never be unmasked. No, we poets have to go naked. And since this is so, it is better that we stay private people; a naked public person would be rather ridiculous, what?
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