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Quote by Elizabeth Hamilton-Guarinouarino

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Elizabeth Hamilton-Guarinouarino

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“And now, at last, we are here. Now Eric fingers his glass and questions me hopefully, while the music of Muthaiga marches through our talk, and festive people clasp hands, revive old toasts -- and make bets on tomorrow's Leger. One hundred pounds -- two hundred pounds... "Has the filly a chance?" "Against Wrack? Of course not." "Don't be too sure... don't be too sure. Why, I remember..." Well, that's what makes a horse-race.”

UncertaintyBetsHorse Race
Book:West with the Night
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“But if it is crazy to turn down the 100 bets, the logic of Samuelson's argument is just reversed; you should not turn down one! Shlomo and I called this phenomenon "myopic loss aversion". The only way you can ever take 100 attractive bets is by first taking the first one, and it is only thinking about the bet in isolation that fools you into turning it down.”

Decision MakingBettingBehavioral EconomicsBets
Book:Misbehaving: The Making of Behavioral Economics
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“The forests were crippled, the wheat fields vanished; in place of the grass there reappeared stone and drifting sand. Men perished and moved on, the cities sank back into the sand, the dust settled over them. Thousands of years later Nordic dreamers dug up the petrified culture from the rubble and ashes. Today, the entire picture of the former paradise stands before our eyes as a spent dream which had once produced life, beauty and strength as long as a superior race ruled. It will live again and it will dream again. But as soon as races of a dreamless kind took over and attempted to realize the dream, reality vanished with the dream.”

CultureCivilisationAryanRosenberg
Book:The Myth of the Twentieth Century
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