Richard Nixon’s foreign policy is marked by the “Nixon Doctrine”: shifting the burden of military containment to allies.

• Supports China as a means against USSR
• Negotiate with the USSR to lower tension
• Shifts focus into building and supporting allies

Richard Nixon proposed the strategy of vietnamization as a treatment to the Vietnam War. He also expanded to Cambodia. To beat the Viet Cong into submission, he initialized the Operation Linebacker campaign.

Rick Wallace is the CEO of KLA.

a ring is… something; its kind of a field but it doesn’t have inverses for multiplication.

Wealth is a much more complex utility than others because given the different levels of wealth you have the marginal benefit of having that wealth decreases.

That is, let \(A\) be the fact that you are given $50, and let \(B\) be there being \(0.5\) chance of winning $100.

• risk neutral: the utility is linear—therefore \(A \sim B\)
• risk seeking: utility is convex (derivative increases as reward increases), so \(A \prec B\)
• risk averse: utility is concave (derivate decreases as reward decreases), so \(A \succ B\)