Morgenstern Utilities and Cardinal Preferences

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Transcript of Morgenstern Utilities and Cardinal Preferences

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Theory of Ordinal Utility/Indifference Curve Analysis · Theory of Ordinal Utility/Indifference Curve Analysis: ... cardinal utility concept. ... " The consumer ˇs preferences can

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Von Neuman- Morgenstern utilities and cardinal preferences · to represent individual behavior in game theory, gee Fishburn [13], Both cardinal preferences and NM utilities can be

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