If an old man has not been oftener than most young men in contact with danger and difficulty, he will be equally incautious; if a youth has not stronger inclinations than an old man, he probably will be as little enterprising.
 John Stuart Mill, A System Of Logic, Ratiocinative And Inductive (1843). copy citation

Context

“It is chiefly, if not wholly, because the old, during their many years of life, have generally had much experience of its various evils, and having suffered or seen others suffer much from incautious exposure to them, have acquired associations favorable to circumspection; while the young, as well from the absence of similar experience as from the greater strength of the inclinations which urge them to enterprise, engage themselves in it more readily. Here, then, is the explanation of the empirical law; here are the conditions which ultimately determine whether the law holds good or not. If an old man has not been oftener than most young men in contact with danger and difficulty, he will be equally incautious; if a youth has not stronger inclinations than an old man, he probably will be as little enterprising. The empirical law derives whatever truth it has from the causal laws of which it is a consequence. If we know those laws, we know what are the limits to the derivative law; while, if we have not yet accounted for the empirical law—if it rests only on observation—there is no safety in applying it far beyond the limits of time, place, and circumstance in which the observations were made.
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