Leonard P. Savage

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Leonard P. Savage

British mathematician and philosopher

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probability theory
An alternative interpretation of probability
Ramsey, and Leonard J. Savage, among others. Ramsey and Savage stressed the importance of subjective probability as a concomitant ingredient of decision making in the face of uncertainty. An alternative approach to subjective probability without the use of utility theory was developed by Bruno de Finetti.
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Ramsey, and Leonard J. Savage, among others. Ramsey and Savage stressed the importance of subjective probability as a concomitant ingredient of decision making in the face of uncertainty. An alternative approach to subjective probability without the use of utility theory was developed by Bruno de Finetti.
Read More