Quotes About Reference point

Bernoulli's model lacks the idea of a reference point, expected utility theory does not represent the obvious fact that the outcome that is good for Anthony is bad for Betty. His model could explain Anthony's risk aversion, but it cannot explain Betty's risk-seeking preference for the gamble, a behavior that is often observed in entrepreneurs and in generals when all their options are bad.

Loss aversion refers to the relative strength of two motives: we are driven more strongly to avoid losses than to achieve gains. A reference point is sometimes the status quo, but it can also be a goal in the future: not achieving a goal is a loss, exceeding the goal is a gain. As we might expect from negativity dominance, the two motives are not equally powerful. The aversion to the failure of not reaching the goal is much stronger than the desire to exceed it.

This example highlights two aspects of choice that the standard model of indifference curves does not predict. First, tastes are not fixed; they vary with the reference point. Second, the disadvantages of a change loom larger than its advantages, inducing a bias that favors the status quo.

For as long as one has no further point of reference, apart from the position of the maximum, the wavelength thus remains uncertain by an integral factor.

I'm looking to do an honest job, and I don't have any Indian talk show as a reference point. I'm not looking down on them, but I want to do what Oprah did.

When the reference point is aham, not atma, when the world is only Brahmanda not Prakriti, one is as deluded as one who is intoxicated.

Absolute space, that is to say, the mark to which it would be necessary to refer the earth to know whether it really moves, has no objective existence.

Basically, if you want to have a computer system that could pass the Turing test, it as a machine is going to have to be able to self-reference and use its own experience and the sense data that it's taking in to basically create its own understanding of the world and use that as a reference point for all new sense data that's coming in to it.

I learned analytics. It's a point of reference, of information. It has to be a factor in decision making.

I used 'Saved by the Bell: The College Years' as my reference point really for my 'Fresh Meat' experience.

Perfection is plastic, cold, and unyielding. Real beauty is a current that has to be grounded, and it's these little defects that do it. You need context, a reference point. Her scarred upper lip is the hook, the default nucleus from which everything else radiates.

A loss, according to the theory, was when a person wound up worse off than his "reference point." But what was this reference point? The easy answer was: wherever you started from.

Just as we can't tell how much we've eaten simply by relying on internal cues, we can't really tell how much we've gained or lost without some external benchmark.

He was up against a mind that regarded truth as a reference point but certainly not as a shackle.

The reference point argument is as follows: do not compute odds from the vantage point of the winning gambler (or the lucky Casanova, or the endlessly bouncing back New York City, or the invincible Carthage), but from all those who started in the cohort. Consider

Without God man has no reference point to define himself.

You were never really drunk." "On the contrary - in order to learn how to pretend to be inebriated, one must become inebriated at least once, as a reference point. Six-Fingered Nigel had been at the mulled cider-" "You can't mean there's truly a Six-Fingered Nigel?

There is no dharma greater than a word uttered by a man of conscience; there is no karma greater than a man listening to himself! Since an intention precedes action, it should be the reference point for any action.

High Tolerance for Inappropriate Behavior," children and adults often do not realize that they have been mistreated. Having no other reference point from which to test reality, they think that how they were treated—and often how they still are being treated—is somehow appropriate or okay. Or if not appropriate, that they somehow deserve to be so mistreated.

And, if even a polished, professional communicator like Catherine Lim misfired in her attempt, what chance did most Singaporeans have? That affair remained a prominent reference point, making Singaporeans conclude that, for all the government's explanations and clarifications, engaging in political debate was an extremely risky and unpredictable business, and that it was wisest to stay out

In fact, anyone who stands on the edge of the unknown, fully in the present without reference point, experiences groundlessness. That's when our understanding goes deeper, when we find that the present moment is a pretty vulnerable place and that this can be completely unnerving and completely tender at the same time.

a biologist's biggest occupational hazard, second only to falling in love with your research assistants, was falling in love with your hobbies. You become your own test subject; you start seeing the world as a reflection of your own life, and your own life as a reference point for just about every phenomenon in the world.

the mention of age is only a reference point in the observation of the self.

Psychologists call this phenomenon the contrast effect. Simply put, how you see anything depends on your reference point. One way or the other, your focus will determine your reality.