Von Neumann–Morgenstern utility theorem
GPTKB entity
Statements (21)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:mathematical_concept
|
| gptkbp:appliesTo |
rational agents
|
| gptkbp:describes |
expected utility
|
| gptkbp:field |
decision theory
economics game theory |
| gptkbp:hasAxiom |
completeness
continuity independence transitivity |
| https://www.w3.org/2000/01/rdf-schema#label |
Von Neumann–Morgenstern utility theorem
|
| gptkbp:influenced |
game theory
decision analysis modern economics |
| gptkbp:namedAfter |
gptkb:John_von_Neumann
gptkb:Oskar_Morgenstern |
| gptkbp:publicationYear |
1944
|
| gptkbp:publishedIn |
gptkb:Theory_of_Games_and_Economic_Behavior
|
| gptkbp:state |
If a decision maker's preferences satisfy certain axioms, then there exists a utility function representing those preferences such that the decision maker acts to maximize expected utility.
|
| gptkbp:bfsParent |
gptkb:Savage's_subjective_expected_utility_theory
|
| gptkbp:bfsLayer |
7
|