Rational Economic Decision Making: The Relevance Among The Axioms of The Theory of Expected Utility
The theory of expected utility is suggested by John Von Neumann and Oscar Morgenstern in 1944 and has had great currency until today because of its solid and consistent axiomatic structure. The theory explains economic behavior, decision making process, economic preferences and economic choices us...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Gaziantep University
2019-01-01
|
| Series: | Gaziantep University Journal of Social Sciences |
| Subjects: | |
| Online Access: | http://dergipark.gov.tr/download/article-file/630892 |