"3" Result
Sort By:
The book presents a concise yet mathematically complete treatment of modern utility theories that covers nonprobabilistic preference theory, the von Neumann-Morgenstern expected-utility theory and its extensions, and the joint axiomatization of utility and subjective probability.
With the 1954 publication of his Foundations of Statistics, in which he proposed a basis that taken into account not only strictly objective and repetitive events, but also vagueness and interpersonal differences, Leonard J. Savage opened the greatest controversy in modern stati…