Princeton University New York University Mathematica Policy Research
Field
Economics
School or tradition
Austrian School
Doctoral advisor
Ludwig von Mises
Doctoral students
Martin Shubik Lionel W. McKenzie
Influences
Othmar Spann Carl Menger
Contributions
Game theory, mathematical economics
Oskar Morgenstern (January 24, 1902 – July 26, 1977) was a German-born economist. In collaboration with mathematician John von Neumann, he founded the mathematical field of game theory as applied to the social sciences and strategic decision-making (see von Neumann–Morgenstern utility theorem).[1][2][3][4]
Companies he served as founder/co-founder of included Market Research Corporation of America, Mathematica and Mathematica Policy Research.
^Schotter, Andrew (1992). "Oskar Morgenstern's Contribution to the Development of the Theory of Games". In Weintraub, E. Roy (ed.). Toward a History of Game Theory. Durham: Duke University Press. pp. 95–112. ISBN 0-8223-1253-0.
^Leonard, Robert (2010). Von Neumann, Morgenstern and the Creation of Game Theory. New York: Cambridge University Press. doi:10.1017/CBO9780511778278. ISBN 978-0-521-56266-9.
^Kuhn, H. W.; Tucker, A. W. (1958). "John von Neumann's work in the theory of games and mathematical economics". Bull. Amer. Math. Soc. 64 (Part 2) (3): 100–122. CiteSeerX 10.1.1.320.2987. doi:10.1090/s0002-9904-1958-10209-8. MR 0096572.
^von Neumann, J (1928). "Zur Theorie der Gesellschaftsspiele". Mathematische Annalen (in German). 100: 295–320. doi:10.1007/bf01448847. S2CID 122961988.
OskarMorgenstern (January 24, 1902 – July 26, 1977) was a German-born economist. In collaboration with mathematician John von Neumann, he founded the...
Press, is a book by mathematician John von Neumann and economist OskarMorgenstern which is considered the groundbreaking text that created the interdisciplinary...
York: Wiley. Morgenstern O (1976). "Some Reflections on Utility". In Andrew Schotter (ed.). Selected Economic Writings of OskarMorgenstern. New York University...
OCLC 670481486. Morgenstern, Oskar (1978). "Some Reflections on Utility". In Schotter, Andrew (ed.). Selected Economic Writings of OskarMorgenstern. New York...
of economists. Many of its alumni, including Friedrich Hayek and OskarMorgenstern, emigrated from Austria to the United States and Great Britain. Mises...
challenges the expected utility theory developed by John von Neumann and OskarMorgenstern in 1944 and constitutes one of the first economic theories built using...
by Theory of Games and Economic Behavior (1944), co-written with OskarMorgenstern, which considered cooperative games of several players. The second...
Neumann-Morgenstern model includes risk aversion axiomatically rather than as an additional variable. John von Neumann and OskarMorgenstern first developed...
237–251. Morgenstern, Oskar (1976). "Some Reflections on Utility". In Andrew Schotter (ed.). Selected Economic Writings of OskarMorgenstern. New York...
abandonment of differential calculus. John von Neumann, working with OskarMorgenstern on the theory of games, broke new mathematical ground in 1944 by extending...
and the doctrine of mutual assured destruction (MAD) (as told by OskarMorgenstern); and his creation of the MANIAC I computer and the von Neumann architecture...
S2CID 31082509. Morgenstern, Oskar (1976). "Some Reflections on Utility". In Andrew Schotter (ed.). Selected Economic Writings of OskarMorgenstern. New York...
use of the expected utility theory was that of John von Neumann and OskarMorgenstern, who used the assumption of expected utility maximization in their...
position because of Austrian discrimination against Jews. However, OskarMorgenstern created a position for Wald in economics. When Nazi Germany annexed...
Friedrich Hayek, Fritz Machlup, Karl Menger (son of Carl Menger), OskarMorgenstern, Paul Rosenstein-Rodan, Abraham Wald, and Michael A. Heilperin, among...
Hurwicz Lloyd Shapley Melvin Dresher Merrill M. Flood Olga Bondareva OskarMorgenstern Paul Milgrom Peyton Young Reinhard Selten Robert Axelrod Robert Aumann...
games from the very beginning of game theory. John von Neumann and OskarMorgenstern suggested solving zero-sum, two-person formal games by this method...
92: 228–231, doi:10.1016/j.geb.2015.02.011 SICOMP John von Neumann, OskarMorgenstern (1944) Theory of Games and Economic Behavior. Princeton Univ. Press...
century thinkers, including Frank Ramsey (1926), John von Neumann and OskarMorgenstern (1944), and Leonard Savage (1954). Although this hypothesis remains...
Mathematics and Other Logical Essays (1931). von Neumann, John and OskarMorgenstern; Theory of Games and Economic Behavior (1944). Savage, Leonard Jimmie:...
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