von Neumann–Morgenstern utility theorem
theorem that a rational decision-maker has a utility function
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Summary
von Neumann–Morgenstern utility theorem is a utility function[1]. It has Wikipedia articles in 5 language editions, a strong signal of global cultural recognition.[2]
Key Facts
- von Neumann–Morgenstern utility theorem's instance of is recorded as utility function[3].
- von Neumann–Morgenstern utility theorem's instance of is recorded as theorem[4].
- John von Neumann is named after von Neumann–Morgenstern utility theorem[5].
- Oskar Morgenstern is named after von Neumann–Morgenstern utility theorem[6].
- von Neumann–Morgenstern utility theorem's maintained by WikiProject is recorded as WikiProject Mathematics[7].
Body
Definition and Type
Recorded instance of include utility function[3] and theorem[4].
Origins
Things named after include John von Neumann[5], a mathematician[8], 1903–1957[9], of Hungary[10], awarded the Medal of Freedom[11], specialised in functional analysis[12] and Oskar Morgenstern[6], an economist[13], 1902–1977[14], of United States[15], awarded the honorary doctor of the University of Vienna[16], specialised in economics[17].
Why It Matters
von Neumann–Morgenstern utility theorem has Wikipedia articles in 5 language editions, a strong signal of global cultural recognition.[2]