Normal view MARC view

The Utility of infinite menus

Author: Nielsen, Lars Tyge INSEAD Area: Finance Series: Working Paper ; 90/52/FIN Publisher: Fontainebleau : INSEAD, 1990.Language: EnglishDescription: 12 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: It is often argued that the St. Petersburg paradox shows that von Neumann-Morgenstern utility functions must be bounded. Shapley (1977a,b) has argued that even ordinal utility functions must be bounded. By implication, von Neumann-Morgenstern utility functions must be bounded, but the boundedness issue is independent of the considerations surrounding gambling and the St. Petersburg paradox. That view is challenged in the present paper
Tags: No tags from this library for this title. Add tag(s)
Log in to add tags.
Item type Current location Collection Call number Status Date due
INSEAD Working Paper Digital Library
PDF Available

It is often argued that the St. Petersburg paradox shows that von Neumann-Morgenstern utility functions must be bounded. Shapley (1977a,b) has argued that even ordinal utility functions must be bounded. By implication, von Neumann-Morgenstern utility functions must be bounded, but the boundedness issue is independent of the considerations surrounding gambling and the St. Petersburg paradox. That view is challenged in the present paper

Digitized

There are no comments for this item.

Log in to your account to post a comment.
Koha 3.18 - INSEAD Library Catalogue
Library Home | Contact Us | What's Koha?