IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-540-85711-2_26.html
   My bibliography  Save this book chapter

The Origins of Expected Utility Theory

In: Vinzenz Bronzin’s Option Pricing Models

Author

Listed:
  • Yvan Lengwiler

    (Universität Basel)

Abstract

This short contribution is not about Vinzenz Bronzin or about option pricing. Rather, the topic I would like to address is another important piece of economic theory, namely the theory of expected utility maximization. It is interesting to note just how many thinkers have contributed to it, and at the same time to realize that the earliest statements of the theory were the most powerful ones, and were followed by weaker conceptions. It just took the field of economics a surprisingly long time to grasp its full potential. I believe that the history of this great piece of theory is instructive, because it is an example of a powerful idea that was assimilated only very slowly and in a roundabout fashion.

Suggested Citation

  • Yvan Lengwiler, 2009. "The Origins of Expected Utility Theory," Springer Books, in: Wolfgang Hafner & Heinz Zimmermann (ed.), Vinzenz Bronzin’s Option Pricing Models, chapter 20, pages 535-545, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-85711-2_26
    DOI: 10.1007/978-3-540-85711-2_26
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leoneti, Alexandre Bevilacqua & Gomes, Luiz Flavio Autran Monteiro, 2021. "A novel version of the TODIM method based on the exponential model of prospect theory: The ExpTODIM method," European Journal of Operational Research, Elsevier, vol. 295(3), pages 1042-1055.
    2. Leoneti, Alexandre Bevilacqua & Gomes, Luiz Flavio Autran Monteiro, 2021. "Modeling multicriteria group decision making as games from enhanced pairwise comparisons," Operations Research Perspectives, Elsevier, vol. 8(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-540-85711-2_26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.