The von Neumann-Morgenstern ‘expected utility hypothesis’ as presented in Chapter I of The Theory of Games and Economic Behavior (1944) was the first attempt at a rigorous axiomatization of a fundamental concept of economics, namely, a general theory of...
CITATION STYLE
Morgenstern, O. (1979). Some Reflections on Utility. In Expected Utility Hypotheses and the Allais Paradox (pp. 175–183). Springer Netherlands. https://doi.org/10.1007/978-94-015-7629-1_6
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