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bn:02046080n
Noun Concept
Categories: Utility, Game theory, John von Neumann, Theorems
EN
Von Neumann–Morgenstern utility theorem  Compound lottery  Compound lottery reduction  Neumann-Morgenstern utility theorem  Reduction of compound lotteries
EN
In decision theory, the von Neumann–Morgenstern utility theorem shows that, under certain axioms of rational behavior, a decision-maker faced with risky outcomes of different choices will behave as if he or she is maximizing the expected value of some function defined over the potential outcomes at some specified point in the future. Wikipedia
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EN
In decision theory, the von Neumann–Morgenstern utility theorem shows that, under certain axioms of rational behavior, a decision-maker faced with risky outcomes of different choices will behave as if he or she is maximizing the expected value of some function defined over the potential outcomes at some specified point in the future. Wikipedia
theorem Wikidata
IS A
theorem
utility function
NAMED AFTER
von Neumann
Oskar Morgenstern
Wikipedia
EN
Von Neumann–Morgenstern utility theorem
Wikidata
EN
von Neumann–Morgenstern utility theorem
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EN
Compound lottery, Compound lottery reduction, Neumann-Morgenstern utility theorem, Reduction of compound lotteries, Von Neumann-Morgenstern utilities, Von Neumann-Morgenstern utility, Von Neumann-Morgenstern utility theorem, Von Neumann Morgenstern utility, von Neumann–Morgenstern utility, von Neumann–Morgenstern utility function

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