1902 – 1977
Oskar Morgenstern (1902-1977) was an Austrian-American economist and mathematician best known for co-founding game theory with John von Neumann. His work laid foundations for decision theory, expected utility, and the mathematical analysis of strategic behavior in economics and philosophy.
Co-authored Theory of Games and Economic Behavior (1944) with John von Neumann
Developed the von Neumann-Morgenstern expected utility theorem
Pioneered formal analysis of strategic interaction in economics
Critiqued the assumption of perfect foresight in economic equilibrium models
Founded the Institute for Advanced Studies economics program at Princeton