Book:Article/Daniel Bernoulli/Specimen Theoriae Novae de Mensura Sortis
- $1738$: Specimen Theoriae Novae de Mensura Sortis ("Exposition of a New Theory on the Measurement of Risk")
In this thesis, Daniel Bernoulli first raises the question of the Expected-Utility Maximization Theorem, later answered by John von Neumann and Oskar Morgenstern in their Theory of Games and Economic Behaviour, 2nd ed. of $1947$.
An English translation was later published as 1954: Exposition of a New Theory on the Measurement of Risk (Econometrica Vol. 22: 23 – 36).