Comments on: Rawls, part 1 http://www.uncrediblehallq.net/2008/08/27/rawls-part-1/ Best blog name ever Wed, 18 Jan 2012 07:27:09 -0500 hourly 1 http://wordpress.org/?v=3.0.2 By: The Uncredible Hallq » Rawls, part 2 http://www.uncrediblehallq.net/2008/08/27/rawls-part-1/comment-page-1/#comment-3110 The Uncredible Hallq » Rawls, part 2 Wed, 03 Sep 2008 18:17:36 +0000 http://uncrediblehallq.net/blog/?p=111#comment-3110 [...] Last lecture, I started off talking about political theory, and then did a little jump to decision theory–how to rationally make decisions. I explained two ideas–the idea of average benefits when deciding under risk with known probabilities, and the idea of maximizing the worst outcome when deciding under totally uncertainty, with no probabilities. Now I want to talk about the rationales for these ideas. [...] [...] Last lecture, I started off talking about political theory, and then did a little jump to decision theory–how to rationally make decisions. I explained two ideas–the idea of average benefits when deciding under risk with known probabilities, and the idea of maximizing the worst outcome when deciding under totally uncertainty, with no probabilities. Now I want to talk about the rationales for these ideas. [...]

]]> By: The Uncredible Hallq http://www.uncrediblehallq.net/2008/08/27/rawls-part-1/comment-page-1/#comment-3053 The Uncredible Hallq Thu, 28 Aug 2008 01:30:12 +0000 http://uncrediblehallq.net/blog/?p=111#comment-3053 Yup. That's subject matter for the next lecture. We're thinking alike. Yup. That’s subject matter for the next lecture. We’re thinking alike.

]]> By: Lanny_SD http://www.uncrediblehallq.net/2008/08/27/rawls-part-1/comment-page-1/#comment-3052 Lanny_SD Wed, 27 Aug 2008 22:00:17 +0000 http://uncrediblehallq.net/blog/?p=111#comment-3052 One think I think is worth pointing out is that wealth has a point of diminishing returns. A point at which excess wealth is no longer used to improve quality of life but is disposed of frivolously or used to create savings/investment. I think it could be argued that the promise of wealth also has diminishing returns. People can be inspired much more by their shrinking checking account and a new home then they can the hope of one day buying a picasso or a solid gold toilet. Just $0.02 One think I think is worth pointing out is that wealth has a point of diminishing returns. A point at which excess wealth is no longer used to improve quality of life but is disposed of frivolously or used to create savings/investment.

I think it could be argued that the promise of wealth also has diminishing returns. People can be inspired much more by their shrinking checking account and a new home then they can the hope of one day buying a picasso or a solid gold toilet.

Just $0.02

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