Accession Number : AD0604140

Title :   AN AXIOMATIC APPROACH TO MEASURABLE UTILITY,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Herstein,I. N. ; Milnor,John

Report Date : 12 AUG 1952

Pagination or Media Count : 11

Abstract : Previous treatments of this approach brought topological considerations of the prospects space into the axioms. In this paper considerations of the topology of the prospect space itself are removed, the previous axioms are weakened an infinite number of sure prospects are allowed. On the basis of these axioms the existence of a measurable utility is established.

Descriptors :   (*MEASURE THEORY, THEOREMS), (*ECONOMICS, MEASURE THEORY), SET THEORY, CONVEX SETS, FUNCTIONS(MATHEMATICS), EQUATIONS

Distribution Statement : APPROVED FOR PUBLIC RELEASE