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The Rational Foundations of Economic Behaviour: Proceedings of the Iea Conference Held in Turin, Italy (IEA/Macmillan)
June 1996, Palgrave Macmillan
Hardcover
in English
0333621972 9780333621974
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Book Details
First Sentence
"If adopting options involves adopting particular probability distributions over the states of nature, your preference ranking of options should agree with your numerical ranking of expectations of utility computed according to the corresponding distributions (von Neumann and Morgenstern, 1944, 1947)."
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