von Neumann-Morgenstern utility function
- von Neumann-Morgenstern utility function
эк. функция полезности фон Неймана-Моргенштерна
Syn:
See:
Финансовые рынки. Новый англо-русский толковый словарь. - М.: «Экономическая школа»..
2006.
Смотреть что такое "von Neumann-Morgenstern utility function" в других словарях:
John von Neumann — Von Neumann redirects here. For other uses, see Von Neumann (disambiguation). The native form of this personal name is Neumann János. This article uses the Western name order. John von Neumann … Wikipedia
Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism … Wikipedia
Isoelastic utility — In economics, the isoelastic function for utility, also known as the isoelastic utility function, constant relative risk aversion utility function, or power utility function, is used to express utility in terms of consumption or some other… … Wikipedia
Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… … Wikipedia
Two-moment decision models — Mean variance analysis redirects here. For mean variance portfolio theory, see Modern portfolio theory or Mutual fund separation theorem. In decision theory, economics, and finance, a two moment decision model is a model that describes or… … Wikipedia
Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… … Wikipedia
Influence diagram — An influence diagram (ID) (also called a relevance diagram, decision diagram or a decision network) is a compact graphical and mathematical representation of a decision situation. It is a generalization of a Bayesian network, in which not only… … Wikipedia
Generalized expected utility — The expected utility model developed by John von Neumann and Oskar Morgenstern dominated decision theory from its formulation in 1944 until the late 1970s, not only as a prescriptive, but also as a descriptive model, despite powerful criticism… … Wikipedia
Marginal conditional stochastic dominance — In finance, marginal conditional stochastic dominance is a condition under which a portfolio can be improved in the eyes of all risk averse investors by incrementally moving funds out of one asset (or one sub group of the portfolio s assets) and… … Wikipedia
Risk premium — A risk premium is the minimum amount of money by which the expected return on a risky asset must exceed the known return on a risk free asset, in order to induce an individual to hold the risky asset rather than the risk free asset. Thus it is… … Wikipedia
Contract theory — This article is about the economic analysis of contracts. For legal definitions and contract law, see Contract. For a less technical discussion of this topic, see Principal agent problem. In economics, contract theory studies how economic actors… … Wikipedia