Von Neumann-Morgenstern. Lecture II. Utility and different views of risk. Knightian – Frank Knight Risk – known probabilities of events Uncertainty – unknown or unknowable probabilities Von Neumann – Morgenstern Axiomatic treatment Consumers maximize expected utility. Savage

Related searches for Von Neumann-Morgenstern

Download Presentation
## PowerPoint Slideshow about 'Von Neumann-Morgenstern' - paul

**An Image/Link below is provided (as is) to download presentation**

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -