I'm reading an absolutely rivetting thriller at the moment. Take this gem for instance:
...Now mimic the analysis of Section 1.8 to 1.10 to conclude that the binary relation
is a preference relation satisfying the Substitution axiom and the Archimedian axiom if and only if there exists a von Neumann-Morgenstern utility function u on sure things such that for all
,
if and only if
,
where
is the probability that consumption from time
to time
is
.
Remember, Hallmark sells sympathy cards.
I was nodding off while reading this book at 2 am but seeing this many clauses in one sentence actually made me burst out laughing!
The weird thing is, the equations and all the other hieroglyphics in the book often make more sense to me than the text itself. Why do some academics express themselves so cryptically when they write, I wonder.
This is from a book on financial economics that I'm reading as part of a course on asset pricing theory. Attended my first class last week. Very interesting subject and the instructor too is good at linking abstract concepts to real-life examples. Will see if I can post a few (less frivolous) posts on the subject as we go along.
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