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Questions and Answers
Who pioneered the idea of subjective probability?
Who pioneered the idea of subjective probability?
- Mathematical philosopher
- Frank Ramsey (correct)
- Oskar Morgenstern
- John von Neumann
What does decision analysis encompass?
What does decision analysis encompass?
- Philosophy, methodology, and professional practice (correct)
- Data analysis and interpretation
- Subjective probability and utility theory
- Corporate and non-corporate stakeholders' interests
Who developed an axiomatic basis for utility theory?
Who developed an axiomatic basis for utility theory?
- Mathematical philosopher
- Frank Ramsey
- Decision analyst
- John von Neumann and Oskar Morgenstern (correct)
What is the purpose of decision analysis?
What is the purpose of decision analysis?
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What did Frank Ramsey pioneer in 1931?
What did Frank Ramsey pioneer in 1931?
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