"Algebraically" Quotes from Famous Books
 ... individual can tell when and how they will occur to him. A general average of chances in different lines of business causes some to be called safe, others extra-hazardous. Chance has its favorable as well as its unfavorable aspects. Chances are averaged and added algebraically to the profit or loss in an industry, for an extra-hazardous enterprise must in general afford a higher average of profit in order to induce men to engage in it. It is folly to take a risk without ascertaining its degree ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... laxity of discipline that had prevailed about them of late. They take advantage however of a vague phrase in their instructions; determine in haste to proceed on their plan as carefully, as sparingly of the lives of others as may be; detach a small company, hazarding thereby an algebraically certain scheme at headquarters of victory or secure retreat, which embraced the entire country in its calculations; detach themselves; finally pass into the place, and out again with their prize, themselves secure. Themselves only could have told the details—the ...
— Miscellaneous Studies: A Series of Essays • Walter Horatio Pater |
