Progress in Utility and Risk Theory

  • Ole Hagen
  • Fred Wenstøp

Part of the Theory and Decision Library book series (TDLU, volume 42)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Foundations of Utility and Probability

  3. One Utility Function or Two?

    1. Front Matter
      Pages 133-133
    2. Georges Bernard
      Pages 135-143
    3. Ole Hagen
      Pages 145-164
  4. Prescriptive versus Descriptive Decision Models

  5. Aspects of Process Utility

    1. Front Matter
      Pages 217-217
    2. Graham Loomes, Robert Sugden
      Pages 219-235
    3. Ole Hagen
      Pages 237-249
  6. Back Matter
    Pages 275-279

About this book


1. PROGRESS IN UTILITY AND RISK THEORY At the First International Congress of Utility and Risk Theory in Oslo 1982 (FUR-82) it appeared to be a widespread feeling among the participants that the conference signalled something like a paradigm shift in the field. This does not necessarily mean that old truths were discarded and replaced by new ones, but rather that new theories and new empirical evidence were brought forth, compelling old theories to be critically analyzed from new angels. Some of the papers presented at FUR-82 have been published by Reidel in 1983 in a volume edited by Stigum and Wenst0p. The present volume contains com­ mentaries on a number of the papers presented at the conference together with broader outlines of current views on the theory. The observation that utility and risk theory now appears to be in a state of rapid change has prompted us to choose the title PROGRESS IN UTILITY AND RISK THEORY for the book, in the belief that science always moves from poorer to more advanced paradigms or from weaker to more forceful theories. In other words, change is usually progress, even though intermediate stages in a para­ digm shift may be bewildering, to say the least.


decision theory media science state

Editors and affiliations

  • Ole Hagen
    • 1
  • Fred Wenstøp
    • 1
  1. 1.Norwegian School of ManagementBekkestuaNorway

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1984
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-009-6353-5
  • Online ISBN 978-94-009-6351-1
  • Buy this book on publisher's site