The Legacy of Peter Fishburn: Foundational Work and Lasting Impact

Abstract

Peter Fishburn has had a tremendous impact on the field of decision analysis, developing ideas that would come to be foundational across decision analysis and that would impact the literature on decision making in economics, psychology, finance, engineering, and mathematics. This paper provides an overview of his legacy. We summarize 11 of his influential papers. We then trace his impact on recent research in topics including preference representation and elicitation, risk attitudes, time preferences, health preferences, behavioral decision making, social choice and voting, and geometric analyses. Supplemental Material: The online appendix is available at https://doi.org/10.1287/deca.2022.0461 .