Expected Utility Hypotheses And The Allais Paradox

Author: M. Allais
Editor: Springer Science & Business Media
ISBN: 9401576297
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Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going criticism by the French School of utility represented by its founder Allais. The whole basis of the theory of decisions involving risk has been shaken and put into question. Consequently, basic research in the fundamentals of utility and value theory evolved into a crisis. Like any crisis in basic research, and this one was not an exception, it was very fruitful. One may simply say: Allais versus von Neumann-Morgenstern, or the French School of utility versus the American School, became one of the battlefields of scientific development which proved to be a most creative source of new advances and new developments in all those sciences which are based on evaluation of utilities.
Expected Utility Hypotheses and the Allais Paradox
Language: en
Pages: 715
Authors: M. Allais, G.M. Hagen
Categories: Social Science
Type: BOOK - Published: 2013-03-14 - Publisher: Springer Science & Business Media

Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going criticism by the French School of utility
Expected Utility Hypotheses and the Allais Paradox
Language: en
Pages:
Authors: Centre national de la recherche scientifique (France)
Categories: Decision making
Type: BOOK - Published: 1979 - Publisher:

Books about Expected Utility Hypotheses and the Allais Paradox
Expected Utility Hypotheses and the Allais Paradox. Contemporary Discussions of Decisions under Uncertainty with Allais' Rejoinder
Language: it
Pages: 714
Authors: Maurice ALLAIS
Categories: Decision making
Type: BOOK - Published: 1979 - Publisher:

Books about Expected Utility Hypotheses and the Allais Paradox. Contemporary Discussions of Decisions under Uncertainty with Allais' Rejoinder
Preface [to] Expected Utility Hypotheses and the Allais Paradox
Language: en
Pages: 11
Authors: Maurice Allais
Categories: Decision making
Type: BOOK - Published: 1977 - Publisher:

Books about Preface [to] Expected Utility Hypotheses and the Allais Paradox
The Covenant of Reason
Language: en
Pages: 258
Authors: Isaac Levi, John Dewey Professor of Philosophy Isaac Levi
Categories: Philosophy
Type: BOOK - Published: 1997-09-13 - Publisher: Cambridge University Press

Isaac Levi is one of the preeminent philosophers in the areas of pragmatic rationality and epistemology. This collection of essays constitutes an important presentation of his original and influential ideas about rational choice and belief. A wide range of topics is covered, including consequentialism and sequential choice, consensus, voluntarism of