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2012 | OriginalPaper | Chapter

Life and Legacy

Author : Colin Read

Published in: The Portfolio Theorists

Publisher: Palgrave Macmillan UK

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Before Bruno de Finetti’s preversions, it was not possible to price risk, and before Leonard Jimmie Savage’s 1954 publication of The Foundations of Statistics, no researcher had been able to do the same with uncertainty. The special case of de Finetti and the more general case of Savage revised how risk and uncertainty affect human decision-making and revolutionized the field of finance.

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Metadata
Title
Life and Legacy
Author
Colin Read
Copyright Year
2012
Publisher
Palgrave Macmillan UK
Book
The Portfolio Theorists

Print ISBN: 978-1-349-32431-6

Electronic ISBN: 978-0-230-36230-7

Copyright Year: 2012

DOI
https://doi.org/10.1057/9780230362307_12