Expected Utility Hypothesis - its origin and development

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dc.contributor.authorGolik, Jakub
dc.contributor.organizationPolitechnika Gdańskapl_PL
dc.descriptionPraca magisterska obroniona na Wydziale Zarządzania i Ekonomii Politechniki Gdańskiej dnia 13.07.2016.pl_PL
dc.description.abstractThe following thesis introduces the origin of Expected Utility Hypothesis with its historical background and describes its early development. In the first chapter, the history and solutions to St. Petersburg Paradox are presented, as it is closely related to the von Neumann-Morgenstern Expected Utility Theory which is the core notion of the thesis. In the second chapter, Expected Utility Theory is thoroughly analysed basing on the original publication of von Neumann and Morgenstern (Von Neumann and Morgenstern, 1953). Their axiomatisation together with the interpretation of the axioms concludes the first part of the chapter. Next, the basic notions of decision theory utilising the concept of expected utility is presented. Finally, the third chapter is devoted to the presentation of Maurice Allais’s critique of the theory and the analysis of his paradox with the brief description of modern psychological reason for Expected Utility Theory violations.pl_PL
dc.description.epersonJakub Golik
dc.identifier.citationGolik, J. (2016). Expected Utility Hypothesis - its origin and developmentpl_PL
dc.rightsUznanie autorstwa 3.0 Polska
dc.subjectindifference curvesen
dc.subjectAllais paradoxen
dc.subjectVon Neumann-Morgenstern utility theoremen
dc.subjectSuper-Petersburg paradoxen
dc.subjectPascal’s wageren
dc.subjectSt. Petersburg paradoxen
dc.subjectexpected utility theoryen
dc.subjectexpected utility hypothesisen
dc.titleExpected Utility Hypothesis - its origin and developmenten
dc.title.alternativeHipoteza Oczekiwanej Użyteczności – jej pochodzenie oraz rozwójpl_PL
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