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How to be right without being rational (the von Neumann & Morgenstern way)



How to be right without being rational (the von Neumann & Morgenstern way)



Oxford Agrarian Studies 11: 158-172



The paper seeks to undermine a logical structure that has been erected around decision making under uncertainty. It is argued that probabilities, actions and the value of outcomes are seen as interdependent by (many) agents and that objectives are made flexible -- even to the point of inconsistency -- in order to increase utility.

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Accession: 001085831

Download citation: RISBibTeXText

DOI: 10.1080/13600818208423928



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