Based on the correspondence between Paul Samuelson, Leonard Jimmie Savage, Milton Friedman and Jacob Marschak between May and September 1950, the article reconstructs the joint intellectual journey that led Samuelson to accept expected utility theory and Savage to revise his initial motivations for supporting it.

How economists came to accept expected utility theory: The case of Samuelson and Savage

MOSCATI, IVAN
2016-01-01

Abstract

Based on the correspondence between Paul Samuelson, Leonard Jimmie Savage, Milton Friedman and Jacob Marschak between May and September 1950, the article reconstructs the joint intellectual journey that led Samuelson to accept expected utility theory and Savage to revise his initial motivations for supporting it.
2016
http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.30.2.219
Expected Utility Theory, Independence Axiom, Sure-Thing Principle, Samuelson, Savage, Friedman, Marschak
Moscati, Ivan
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11383/2045342
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