William Poundstone Quotes

Enjoy the top 26 famous quotes, sayings and quotations by William Poundstone.

William Poundstone Quotes

Bernoullis real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.
— William Poundstone —

Are there any mythical beasts which aren't simple pastiches of nature? Centaurs, minotaurs, unicorns, griffons, chimeras, sphinxes, manticores, and the like don't speak well for the human imagination. None is as novel as a kangaroo or starfish.

— William Poundstone

At a bare minimum, understanding entails being able to detect an internal contradiction: a paradox.

— William Poundstone

Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.

— William Poundstone

Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.

— William Poundstone

Your second ducat, like your second million, is never quite as sweet.

— William Poundstone

Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On a salary of 1,000 thalers a year, Euler left an estate of 170,587 thalers in cash and securities. Nothing is known of Gauss's investment methods.

— William Poundstone

The best paradoxes raise questions about what kinds of contradictions can occur-what species of impossibilities are possible.

— William Poundstone

A bit is worth 10,000 basis points.

— William Poundstone

The more improbable the message, the less "compressible" it is, and the more bandwidth it requires. This is Shannon's point: the essence is its improbability.

— William Poundstone

In real conversations, we are always trying to outguess each other.

— William Poundstone

Shannon's most radical insight was that meaning was irrelevant.

— William Poundstone

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