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von Neumann Morgenstern Preferences

Author

Listed:
  • Karl Vind

    (Institute of Economics, University of Copenhagen)

Abstract

von Neumann Morgenstern utility is generalized to von Neumann Morgenstern preferences. The proof is an application of simple hyperplane theorems.

Suggested Citation

  • Karl Vind, 1996. "von Neumann Morgenstern Preferences," Discussion Papers 96-23, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9623
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    Cited by:

    1. Dubra, Juan & Maccheroni, Fabio & Ok, Efe A., 2004. "Expected utility theory without the completeness axiom," Journal of Economic Theory, Elsevier, vol. 115(1), pages 118-133, March.
    2. Jurgita Baranauskiene & Vilija Alekneviciene, 2019. "Comprehensive Measurement of Social Benefits Generated by Public Investment Projects," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(4), pages 195-210.
    3. Bruno Girotto & Silvano Holzer, 2003. "Representing complete and incomplete subjective linear preferences on random numbers," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 26(2), pages 129-144, November.
    4. Baucells, Manel & Shapley, Lloyd S., 2008. "Multiperson utility," Games and Economic Behavior, Elsevier, vol. 62(2), pages 329-347, March.
    5. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2017. "Representation of strongly independent preorders by sets of scalar-valued functions," MPRA Paper 79284, University Library of Munich, Germany.
    6. Vantaggi, Barbara, 2010. "Incomplete preferences on conditional random quantities: Representability by conditional previsions," Mathematical Social Sciences, Elsevier, vol. 60(2), pages 104-112, September.

    More about this item

    Keywords

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    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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