Nassim Nicholas Taleb Quotes | The payoff of a human venture is, in general,...

"The payoff of a human venture is, in general, inversely proportional to what it is expected to be."

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If the audience knows you can be funny when you want to be, they will be willing to wait for that payoff.

— Bill Cosby

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The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

— Howard Raiffa

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