How Economists Came to Accept Expected Utility Theory : The Case of Samuelson and Savage

Based on the correspondence between Paul Samuelson, Leonard Jimmie Savage, Milton Friedman and Jacob Marschak between May and September 1950, the article reconstructs the joint intellectual journey that led Samuelson to accept expected utility theory and Savage to revise his initial motivations for supporting it

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Year of publication:	2016
Authors:	Moscati, Ivan
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Erwartungsnutzen \| Expected utility \| Ökonomische Ideengeschichte \| History of economic thought \| Ökonomen \| Economists

Extent:	1 Online-Ressource (22 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Perspectives, Vol. 30(2), Spring 2016 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 26, 2016 erstellt
Classification:	B21 - Microeconomics ; B31 - Individuals ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012998028