Journal of the Statistical Society of London 29
Journal of the Statistical Society of London 29
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In our eReader you can find the full English version of the book. Read Journal of the Statistical Society of London 29 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Journal of the Statistical Society of London 29
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6. A principle of the mind which any true theory must take into account is that of foresight. Every expected future pleasure or pain affects us with similar feelings in the present time, but with an intensity diminished in some proportion to its uncertainty and its remoteness in time. But the effects oi foresight merely complicate without altering the other parts of the theory.
7. Such are the main principles of feeling on which economy is founded. A second part of tlie theory proceeds from fee...lings to the useful objects or utilities by which pleasurable feeling is increased or pain removed.
An object is usefiil when it either affects the senses pleasurably in the present moment, or when, by foresight, it is expected that it will do so at some future time. Thus we must carefully distinguish actual utility in present use from estimated future utility^ which yet, by allowing for the imperfect force of anticipation, and for the uncertainty of future events, gives a certain present utility.
What to read after Journal of the Statistical Society of London 29?
You can find similar books in the "Read Also" column, or choose other free books by Statistical Society (Great Britain) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
6. A principle of the mind which any true theory must take into account is that of foresight. Every expected future pleasure or pain affects us with similar feelings in the present time, but with an intensity diminished in some proportion to its uncertainty and its remoteness in time. But the effects oi foresight merely complicate without altering the other parts of the theory.
7. Such are the main principles of feeling on which economy is founded. A second part of tlie theory proceeds from fee...lings to the useful objects or utilities by which pleasurable feeling is increased or pain removed.
An object is usefiil when it either affects the senses pleasurably in the present moment, or when, by foresight, it is expected that it will do so at some future time. Thus we must carefully distinguish actual utility in present use from estimated future utility^ which yet, by allowing for the imperfect force of anticipation, and for the uncertainty of future events, gives a certain present utility.
What to read after Journal of the Statistical Society of London 29?
You can find similar books in the "Read Also" column, or choose other free books by Statistical Society (Great Britain) to read onlineMoreLess
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