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Theory Quotes

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Theory Quotes

“In a Society in which there is no law, and in theory no compulsion, the only arbiter of behaviour is public opinion. But public opinion, because of the tremendous urge to conformity in gregarious animals, is less tolerant than any system of law. When human beings are governed by "thou shalt not", the individual can practise a certain amount of eccentricity: when they are supposedly governed by "love" or "reason", he is under continuous pressure to make him behave and think in exactly the same way as everyone else.”

Source: All Art Is Propaganda: Critical Essays

“Whatever their limitations, Freud and Marx developed complex and subtle theories of human nature grounded in their observation of individual and social behavior. The crackpot rationalism of free-market economics merely relies on an abstract model of how people "must" behave.”

“As to ethics, unfortunately, we are still at sea. We never did have any popular base for what little ethics we knew, except the religious theories, and now that our faith is shaken in those theories we cannot account for ethics at all. It is no wonder we behave badly, we are literally ignorant of the laws of ethics, which is the simplest of sciences, the most necessary, the most continuously needed. The childish misconduct of our 'revolted youth' is quite equaled by that of older people, and neither young nor old seem to have any understanding of the reasons why conduct is 'good' or 'bad.”

Source: The Living of Charlotte Perkins Gilman: An Autobiography

“Game theory, however, deals only with the way in which ultrasmart, all knowing people should behave in competitive situations, and has little to say to Mr. X as he confronts the morass of his problem.”

People Way Should Littles Problem Games Deals Situation Knowing Theory Behave

Book:The Art and Science of Negotiation

Source: The Art and Science of Negotiation

“Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.”

People Way Simple Situation Theory Behave Utility

Book:The Art and Science of Negotiation

Source: The Art and Science of Negotiation

“The efficient market theory is one of the better models in the sense that it can be taken as true for every purpose I can think of. For investment purposes, there are very few investors that shouldn't behave as if markets are totally efficient.”

Ifs Thinking I Can Purpose Taken Theory Models Investment Investing Behave Investors Efficient Efficient Markets

Author:Eugene Fama

“People behave agentically, but they produce theories that afford people very little agency.”

People Littles Produce Theory Behave Agency Self Efficacy

Author:Albert Bandura

“For the law, the clarity of language and the finality of judgment is crucial, because you have to decide a case one way or another - whether it is criminal or civil or whatever. In ordinary life, you do not have to decide things with absolute finality. You do not have to decide on a theory in order to behave in a certain way towards other people.”

People Way Law Certain Order Language Cases Theory Judgment Ordinary Absolutes Criminals Clarity One Way Behave Crucial Ordinary Life Finality

Author:Talal Asad

“In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.”

States Happens Would Be Certain Economy Theory Circumstances Normal Fundamentals Financial Arise Behave Efficient Sequence Disruptive Financial Markets Efficient Markets Disequilibrium

Author:George Soros