Theory of Games and Economic Behavior.

VON NEUMANN, John & Oskar MORGENSTERN:

Published by Princeton: Princeton University Press, 1944 [1947]., 1947

About this Item

Second Edition, first printing (1st ed., 1944). xviii, 641 pp; 103 figs. Original cloth. Very Good, without dust jacket. 'The notions of a minimax solution, first proposed by Waldgrave, and of maximization of expected utility, diminishing marginal utility, and risk aversion put forward by Daniel Bernoulli (1738) in his analysis of the St. Petersburg paradox, lie at the core of game theory. These elements were not assembled until von Neumann and Morgenstern (1944) noted in an appendix on axiomatic utility theory in their second edition (1947, 629) that Bernoulli's moral expectation, which equated ability to the logarithm of wealth, satisfied their conditions for rationality' (Robert W. Dimand & Mary Ann Dimand, 'Strategic Games from Waldgrave to Borel,' in E. Roy Weintraub (ed.), Toward a History of Game Theory, 1992, p. 17). Seller Inventory # 05875

Bibliographic Details

Title: Theory of Games and Economic Behavior.

Publisher: Princeton: Princeton University Press, 1944 [1947].

Publication Date: 1947

Binding: Hardcover

Condition: Very Good

Dust Jacket Condition: No Jacket

Edition: 2nd Edition