Thinking & Personal Effectiveness · Decision Making
A topic within Decision Making, itself one of 11 topics in that field and part of Thinking & Personal Effectiveness.
2 works
Blaise Pascal
Argues that believing in God is the rational wager even under total uncertainty, because the expected loss from wrongly believing is finite while the expected loss from wrongly disbelieving is infinite.
link checked 17 Sept 2026Daniel Bernoulli
Argues that a gain's value to a person diminishes with existing wealth, so it is expected utility rather than expected monetary value that a rational gambler should maximise, resolving the St Petersburg paradox and founding utility theory.
link checked 17 Sept 2026