In this volume we present some o the papers that were delivered at FUR-82 - the First International Con erence on Foundations o Utility and Risk Theory in Oslo, June 1982. The purpose o the con erence was to provide a orum within which scientists could report on interesting applications o modern decision theory and exchange ideas about controversial issues in the oundations o the theory o choice under un certainty. With that purpose in mind we have selected a mixture of applied and theoretical papers that we hope will appeal to a wide spectrum o readers rom graduate students in social science...