Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
In the 40’s and early 50’ two decision theories were proposed and have since dominated the sceneof the fascinating field of decision-making. In 1944 – when von Neumann and Morgenstern showedthat if preferences are consistent with a set of axioms then it is possible to represent these...