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Leonard Jimmie Savage

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646: 101: 311:, the mathematician credited with describing the principles upon which electronic computers should be based. Later he was one of the participants in the 260:, where he first majored in chemical engineering, then switched to mathematics, graduating in 1938 with a Bachelor's degree. He continued at the 390: 354:
on stochastic models for asset prices and the mathematical theory of option pricing. Savage brought the work of Bachelier to the attention of
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said Savage was "one of the few people I have met whom I would unhesitatingly call a genius."
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Leonard Jimmie Savage papers (MS 695). Manuscripts and Archives, Yale University Library.
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One of Savage's indirect contributions was his discovery of the work of
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During World War II, Savage served as chief "statistical" assistant to
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and statistics which forms one of the strands underlying
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Presidents of the Institute of Mathematical Statistics
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Savage was born and grew up in Detroit. He studied at
232:; 20 November 1917 – 1 November 1971) was an American 468: 444:. Chicago: The University of Chicago Press. pp.  358:. It was from Samuelson's subsequent writing that " 102:
Savage's subjective expected utility representation
517: 493:An Introduction to Probability and Inductive Logic 555: 397:for the best dissertations in Bayesian analysis. 588: 430: 524:. Cambridge, MA: The MIT Press. p. 348. 324: 395:International Society for Bayesian Analysis 389:are (in part) named after him, as is the 567:MacTutor History of Mathematics Archive 487: 300:, he also credited Milton Friedman and 247: 589: 469:O'Connor, J J; Robertson, E F (2010). 335:, in which he put forward a theory of 329:His most noted work was the 1954 book 515: 607:20th-century American mathematicians 272:. Savage subsequently worked at the 662:American mathematical statisticians 471:"Leonard Jimmie Savage (1917–1971)" 337:subjective and personal probability 112:Halmos–Savage factorization theorem 13: 256:in Detroit before transferring to 14: 673: 542: 296:. Though his thesis advisor was 268:in 1941 under the supervision of 657:20th-century American economists 412:Friedman–Savage utility function 387:Friedman–Savage utility function 107:Friedman–Savage utility function 97:Savage's representation theorem 642:University of Michigan faculty 509: 481: 462: 424: 284:, the University of Michigan, 1: 632:University of Chicago faculty 622:University of Michigan alumni 582:Mathematics Genealogy Project 332:The Foundations of Statistics 627:Princeton University faculty 274:Institute for Advanced Study 7: 637:Columbia University faculty 617:Philosophers of probability 400: 129:Subjective expected utility 10: 678: 383:Hewitt–Savage zero–one law 373:In 1951 he introduced the 325:Research and contributions 290:Statistical Research Group 117:Hewitt–Savage zero–one law 441:Two Lucky People: Memoirs 219: 197: 185: 159: 145: 138: 88: 77: 54: 28: 21: 652:Bayesian econometricians 572:University of St Andrews 417: 366:) became fundamental to 343:and has applications to 304:as statistical mentors. 562:"Leonard Jimmie Savage" 125:Minmax regret criterion 612:Bayesian statisticians 393:given annually by the 262:University of Michigan 258:University of Michigan 254:Wayne State University 180:University of Michigan 82:University of Michigan 578:Leonard Jimmie Savage 520:The Cybernetics Group 516:Heims, Steve (1991). 282:University of Chicago 278:Princeton, New Jersey 266:differential geometry 226:Leonard Jimmie Savage 164:University of Chicago 23:Leonard Jimmie Savage 16:American statistician 558:Robertson, Edmund F. 368:mathematical finance 362:" (and subsequently 248:Education and career 214:William S. Cleveland 168:Princeton University 133:Sure-thing principle 556:O'Connor, John J.; 341:Bayesian statistics 294:Columbia University 176:Columbia University 377:criterion used in 270:Sumner Byron Myers 230:Leonard Ogashevitz 121:Likehood principle 223: 222: 206:Morris H. DeGroot 198:Doctoral students 140:Scientific career 669: 574: 536: 535: 523: 513: 507: 506: 485: 479: 478: 466: 460: 459: 432:Friedman, Milton 428: 314:Macy conferences 309:John von Neumann 187:Doctoral advisor 114: 104: 61: 39:20 November 1917 38: 36: 19: 18: 677: 676: 672: 671: 670: 668: 667: 666: 587: 586: 545: 540: 539: 532: 514: 510: 503: 486: 482: 467: 463: 456: 429: 425: 420: 403: 379:decision theory 364:Brownian motion 352:Louis Bachelier 327: 302:W. Allen Wallis 286:Yale University 250: 242:Milton Friedman 212: 208: 204: 178: 174: 172:Yale University 170: 166: 131: 127: 123: 119: 115: 110: 109: 105: 100: 99: 95: 78:Alma mater 73: 63: 59: 58:1 November 1971 50: 40: 34: 32: 24: 17: 12: 11: 5: 675: 665: 664: 659: 654: 649: 644: 639: 634: 629: 624: 619: 614: 609: 604: 599: 585: 584: 575: 552: 551: 544: 543:External links 541: 538: 537: 531:978-0262082006 530: 508: 501: 480: 461: 454: 436:Friedman, Rose 422: 421: 419: 416: 415: 414: 409: 402: 399: 375:minimax regret 356:Paul Samuelson 326: 323: 264:with a PhD on 249: 246: 221: 220: 217: 216: 199: 195: 194: 189: 183: 182: 161: 157: 156: 147: 143: 142: 136: 135: 90: 89:Known for 86: 85: 79: 75: 74: 64: 62:(aged 53) 56: 52: 51: 41: 30: 26: 25: 22: 15: 9: 6: 4: 3: 2: 674: 663: 660: 658: 655: 653: 650: 648: 645: 643: 640: 638: 635: 633: 630: 628: 625: 623: 620: 618: 615: 613: 610: 608: 605: 603: 600: 598: 595: 594: 592: 583: 579: 576: 573: 569: 568: 563: 559: 554: 553: 550: 547: 546: 533: 527: 522: 521: 512: 504: 502:0-521-77287-7 498: 494: 490: 484: 476: 472: 465: 457: 455:0-226-26414-9 451: 447: 443: 442: 437: 433: 427: 423: 413: 410: 408: 407:Loss function 405: 404: 398: 396: 392: 388: 384: 380: 376: 371: 369: 365: 361: 357: 353: 348: 346: 342: 338: 334: 333: 322: 320: 316: 315: 310: 305: 303: 299: 295: 291: 287: 283: 279: 275: 271: 267: 263: 259: 255: 245: 243: 239: 235: 234:mathematician 231: 227: 218: 215: 211: 207: 203: 200: 196: 193: 190: 188: 184: 181: 177: 173: 169: 165: 162: 158: 155: 151: 148: 144: 141: 137: 134: 130: 126: 122: 118: 113: 108: 103: 98: 94: 91: 87: 84:(B.A., Ph.D.) 83: 80: 76: 71: 67: 57: 53: 48: 44: 31: 27: 20: 565: 519: 511: 492: 489:Hacking, Ian 483: 474: 464: 440: 426: 391:Savage Award 372: 349: 331: 328: 312: 306: 298:Sumner Myers 251: 240:. Economist 238:statistician 229: 225: 224: 192:Sumner Myers 160:Institutions 139: 60:(1971-11-01) 602:1971 deaths 597:1917 births 475:Biographies 360:random walk 345:game theory 319:cybernetics 150:Mathematics 93:Savage loss 70:Connecticut 591:Categories 288:, and the 210:Roy Radner 154:Statistics 35:1917-11-20 202:Don Berry 66:New Haven 491:(2001). 438:(1998). 401:See also 47:Michigan 580:at the 43:Detroit 528:  499:  452:  381:. The 280:, the 228:(born 146:Fields 418:Notes 526:ISBN 497:ISBN 450:ISBN 385:and 236:and 72:, US 55:Died 49:, US 29:Born 446:146 317:on 292:at 276:in 593:: 570:, 564:, 560:, 473:. 448:. 434:; 370:. 347:. 321:. 152:, 68:, 45:, 534:. 505:. 477:. 458:. 37:) 33:(

Index

Detroit
Michigan
New Haven
Connecticut
University of Michigan
Savage loss
Savage's representation theorem
Savage's subjective expected utility representation
Friedman–Savage utility function
Halmos–Savage factorization theorem
Hewitt–Savage zero–one law
Likehood principle
Minmax regret criterion
Subjective expected utility
Sure-thing principle
Mathematics
Statistics
University of Chicago
Princeton University
Yale University
Columbia University
University of Michigan
Doctoral advisor
Sumner Myers
Don Berry
Morris H. DeGroot
Roy Radner
William S. Cleveland
mathematician
statistician

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