Mark J. Machina
Mark Joseph Machina (born October 27, 1954) is an American economist noted for work in non-standard decision theory. He is currently a distinguished professor at the University of California, San Diego. The Marschak–Machina triangle, a probability diagram used in expected utility theory, bears his name, along with that of Jacob Marschak.
Mark J. Machina | |
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| Born | October 27, 1954 |
| Citizenship | United States |
| Institution | University of California, San Diego |
| Alma mater | MIT Michigan State University |
| Doctoral advisor | Franklin M. Fisher |
Machina Triangle
The Machina Triangle is a way of representing a three dimensional probability vector in a two dimensional space. The probability of a given outcome is denoted by a euclidean distance from the point that represents a lottery (probability).[1]
gollark: Well, my brain can probably fit in less than a yottabyte.
gollark: For example: a 3D printer will let you make random plastic parts cheaply, *but* it needs microprocessors to work, and silicon fabs are literally the most capital intensive industry.
gollark: Although it also creates horribly difficult manufacturing processes.
gollark: Advancing technology allows more local production somewhat.
gollark: osmarks.net will consider your connection a lost cause after 5 seconds.
External links
- Machina's homepage at the Department of Economics at the University of California
- "Mark J. Machina". JSTOR.
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