Examlex
In this reading Russell argues that the value of philosophy is not in any ability to produce material goods ("philosophy bakes no bread") or arrive at definitive conclusions about the nature of reality. Its value comes from its effect on the lives of those who take it seriously. By studying the perennial questions of philosophy, we enhance our appreciation of what is possible, weaken the dogmatism that prevents exploration and speculation, and render the mind great through contemplation of the greatness of the universe.
-According to Russell, all acquisition of knowledge is an enlargement of the Self.
Quantify
To express or measure something in terms of numbers or quantities.
Capital Budgeting
The process by which investors and managers decide which significant investments or projects to undertake, based on potential profitability.
Risk
The potential for loss, damage, or any other negative occurrence that may be avoided through preemptive action.
Probability Distributions
Mathematical functions that describe all the possible values and likelihoods that a random variable can take within a given range.
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