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| | Footnotes, Chapters 1-3, Anthony de Jasay, The State: Library of Economics and Liberty |
 | | Clearly, however, the virtuous cycle has little stability; if it is interrupted by bad government for whatever reason, the independence of the judiciary is soon taken care of. |
 | | If "refusing to gamble" is purported to be rational, it must be capable of being described as the gamble where the sum of the utilities of the possible outcomes, multiplied by their probabilities (which are all zero except for one outcome whose probability is unity), is the highest. |
 | | It is virtually impossible so to describe the refusal to accept the very small probability of losing a very small sum for the sake of the remaining very high probability of gaining a very large sum, i.e. |
| www.econlib.org /library/LFBooks/Jasay/jsySttNotes.html (8491 words) |
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