Reference Entry

expected utility theory

Edited by Craig Calhoun

in Dictionary of the Social Sciences

Published in print January 2002 | ISBN: 9780195123715
Published online January 2002 | e-ISBN: 9780199891184
expected utility theory

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Initially developed by John von Neumann and Oskar Morgenstern as a way of defining preferences for—and therefore decision-making power over—uncertain

Reference Entry.  212 words. 

Subjects: Social Sciences

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