Talk:Neumann-Morgenstern utility

As for categories, this should probably belong to both Economics and Finance as it has important applications in both fields.

James writes:

I am studying an introductory economics masters course so not really an expert but I am concerned the entry may be misleading.

Basically, my understanding is that if A is preferred to B and B is preferred to C, then only a risk neutral person won't care if they get B for sure or take a fair gamble for outcomes B or C.

A risk averse person would not want the gamble at all and a risk loving person would actually want the gamble. The article doesn't mention risk loving or otherwise!

I have to confess I don't known the theory in detail.

Hope this helps, I think Wikipedia is a really great idea and I know for a fact it's many student's lifeline!

Regards

James 128.240.229.7 20:52, 9 May 2007 (UTC)