These four approaches - Laplace , Wald , Hurwicz and Savage - have been studied , corrected and applied for over fifty years by many different people including John Milnor , G. L. S. Shackle , Daniel Ellsberg , R. Duncan Luce and Howard Raiffa , in a field some date back to Jacob Bernoulli .
The four peoples work - Laplace , Wald , Hurwicz and Savage - that the Hurwicz Criterion has been based on was studied , corrected and used for over fifty years by many different people including John Milnor , G. L. S. Shackle , Daniel Ellsberg , R. Duncan Luce and Howard Raiffa , but some people say the work was started by Jacob Bernoulli .