In decision theory, the von Neumann–Morgenstern (VNM) utility theorem shows that, under certain axioms of rational behavior, a decision-maker faced with...

lottery with the highest expected utility. This result is called the von Neumann–Morgenstern utility representation theorem. In other words, if an individual's...

_{n}}}}}} The von Neumann-Morgenstern utility theorem is another model used to denote how risk aversion influences an actor’s utility function. An extension...

ordinal utilities imply cardinal utilities. This result is now known as the von Neumann-Morgenstern utility theorem; many similar utility representation...

the social sciences and strategic decision-making (see von Neumann–Morgenstern utility theorem). Companies he served as founder/co-founder of included...

Birkhoff–von Neumann theorem Birkhoff–von Neumann decomposition Dirac–von Neumann axioms Koopman–von Neumann classical mechanics Schatten–von Neumann norm...

services per unit time. Verdoorn's law Virginia school Von Neumann–Morgenstern utility theorem wage The monetary compensation (or remuneration, personnel...

representation theorem states conditions for the existence of a utility function representing a preference relation. Examples are Von Neumann–Morgenstern utility theorem...

use of the expected utility theory was that of John von Neumann and Oskar Morgenstern, who used the assumption of expected utility maximization in their...

u(A)-u(B)\leq u(C)-u(D)} Preference representation theorem Von Neumann–Morgenstern utility theorem Debreu, Gerard (1954). Representation of a preference...