“From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than risking his earnings on the mindless meanderings of chance. Experience, however, has strongly indicated the reverse proposition to hold true.”
Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Ten, Games Of Pure Skill And Competitive Computers, p. 337
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Richard Arnold Epstein 27
American physicist 1927Related quotes

Woman in the Nineteenth Century (1845)
Context: The electrical, the magnetic element in Woman has not been fairly brought out at any period. Everything might be expected from it; she has far more of it than Man. This is commonly expressed by saying that her intuitions are more rapid and more correct. You will often see men of high intellect absolutely stupid in regard to the atmospheric changes, the fine invisible links which connect the forms of life around them, while common women, if pure and modest, so that a vulgar self do not overshadow the mental eye, will seize and delineate these with unerring discrimination.
Women who combine this organization with creative genius are very commonly unhappy at present. They see too much to act in conformity with those around them, and their quick impulses seem folly to those who do not discern the motives. This is an usual effect of the apparition of genius, whether in Man or Woman, but is more frequent with regard to the latter, because a harmony, an obvious order and self-restraining decorum, is most expected from her.
Then women of genius, even more than men, are likely to be enslaved by an impassioned sensibility. The world repels them more rudely, and they are of weaker bodily frame.
Those who seem overladen with electricity frighten those around them.
Source: Drenai series, Quest for Lost Heroes, Ch. 4

Report on Manufactures (1791)
Context: The foregoing suggestions are not designed to inculcate an opinion that manufacturing industry is more productive than that of Agriculture. They are intended rather to shew that the reverse of this proposition is not ascertained; that the general arguments which are brought to establish it are not satisfactory; and consequently that a supposition of the superior productiveness of Tillage ought to be no obstacle to listening to any substantial inducements to the encouragement of manufactures.

Journal entry (26 August 1938); later published in The Wartime Journals (1970)
Context: The readiness to blame a dead pilot for an accident is nauseating, but it has been the tendency ever since I can remember. What pilot has not been in positions where he was in danger and where perfect judgment would have advised against going? But when a man is caught in such a position he is judged only by his error and seldom given credit for the times he has extricated himself from worse situations. Worst of all, blame is heaped upon him by other pilots, all of whom have been in parallel situations themselves, but without being caught in them. If one took no chances, one would not fly at all. Safety lies in the judgment of the chances one takes. That judgment, in turn, must rest upon one's outlook on life. Any coward can sit in his home and criticize a pilot for flying into a mountain in fog. But I would rather, by far, die on a mountainside than in bed. Why should we look for his errors when a brave man dies? Unless we can learn from his experience, there is no need to look for weakness. Rather, we should admire the courage and spirit in his life. What kind of man would live where there is no daring? And is life so dear that we should blame men for dying in adventure? Is there a better way to die?

Speech at the Opening of the Bandung Conference

Address to the U.S. House of Representatives (February 18, 1943)

Women Can't Hear What Men Don't Say (2000)

As quoted after his arrest for treason; see Treason: the story of disloyalty and betrayal in American history http://books.google.com/books?id=lXZKAAAAMAAJ&q=%E2%80%9CIf+a+man+isn%27t+willing+to+take+some+risk+for+his+opinions,+either+his+opinions+are+no+good+or+he%27s+no+good%E2%80%9D&dq=%E2%80%9CIf+a+man+isn%27t+willing+to+take+some+risk+for+his+opinions,+either+his+opinions+are+no+good+or+he%27s+no+good%E2%80%9D&hl=en&sa=X&ei=RgacUteRAZDYoATC1IDYCg&ved=0CDcQ6AEwAjgU by Nathaniel Weyl (1950), p. 400