von Neumann–Morgenstern utility theorem

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf gptkb:mathematical_concept
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:implies existence of expected utility function
gptkbp:namedAfter gptkb:John_von_Neumann
gptkb:Oskar_Morgenstern
gptkbp:publicationYear 1944
gptkbp:publishedIn gptkb:Theory_of_Games_and_Economic_Behavior
gptkbp:state If an agent's preferences over lotteries satisfy certain axioms, then there exists a utility function representing those preferences.
gptkbp:usedIn game theory
risk analysis
expected utility theory
microeconomics
rational choice theory
gptkbp:bfsParent gptkb:Savage_axioms
gptkbp:bfsLayer 8