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social science subjects > business and management > business ethics > economics and ethics > von neumann-morgenstern utility function

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von neumann-morgenstern utility function  

Definición

  • John von Neumann and Oskar Morgenstern extended the theory of consumer preferences by incorporating a theory of behavior toward risk variance. The utility function that bears their names arises from the expected utility hypothesis. [Source: Encyclopedia of Business Ethics and Society; Von Neumann-Morgenstern Utility Function]

Concepto genérico

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URI

http://data.loterre.fr/ark:/67375/N9J-D9GVNP8B-X

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