Expected Utility Theory

In John Davis, Wade Hands & Uskali Maki (eds.), Handbook of Economic Methodology. Edward Elgar. pp. 342-350 (1998)
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Abstract

The paper summarizes expected utility theory, both in its original von Neumann-Morgenstern version and its later developments, and discusses the normative claims to rationality made by this theory.

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Philippe Mongin
Last affiliation: Centre National de la Recherche Scientifique

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