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Bruno de Finetti e la geometria del benessere (Bruno de Finetti and the geometry of welfare))

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  • Rosaria Adriani

    (Università di Pisa - Dipartimento di Scienze Economiche)

Abstract

This paper attempts to give an interpretation of the economic thought of the Italian mathematician Bruno de Finetti (1906-1985). De Finetti is well known to the international scientific community for his theories, elaborated during the 1930s, on subjective probability. The concept of probability and that of utility, according to de Finetti’s view, are strictly connected, as shown by the studies on decision theory that were developed some decades later. De Finetti’s contribution tries to reformulate welfare economics as a «geometry of welfare», based on the connection between subjective probability and utility. De Finetti’s geometry of welfare starts from the Paretian Optimum to formalize an original social welfare function.

Suggested Citation

  • Rosaria Adriani, 2006. "Bruno de Finetti e la geometria del benessere (Bruno de Finetti and the geometry of welfare))," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 14(2), pages 101-121.
    • Handle: RePEc:pei:journl:v:14:y:2006:2:4:p:101-121
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    More about this item

    Keywords

    Bruno de Finetti; probabilità soggettiva; economia del benessere (Bruno de Finetti; subjective probability; welfare economics);
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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