““In the past half century, however, an impressive body of formal theory has been erected by mathematical statisticians and economists to help us reason about these matters-without introducing a new kind of logic. The basic idea of this theory is to load all values into a single function, the utility function, in this way finessing the question of how different values are to be compared. The comparison has in effect already been made when it is assumed that a utility has been assigned to each particular state of affairs. This formal theory is called subjective expected utility (SEU) theory. Its construction is one of the impressive intellectual achievements of the first half of the twentieth century. It is an elegant machine for applying reason to problems of choice.””
![“[Stated in 1965:] Machines will be capable, within 20 years, of doing any work a man can do.” quote by Herbert Simon](https://sms4smile.com/quotes/img-quotes/462/herbert-simon-15495_ai_stated-in-1965-machines-will-be-capable_970980.jpg)
