[1][2][3][4] Companies of which he served as founder or co-founder included Market Research Corporation of America and the original Mathematica Inc. Morgenstern was born in Görlitz in the Prussian Province of Silesia.

The collaboration between economist Morgenstern and mathematician von Neumann led to the birth of entirely new areas of investigation in both mathematics and economics.

In 1944, Morgenstern also became a United States citizen, and four years later he married Dorothy Young, with whom he had two children, Carl and Karin.

[11] Morgenstern remained at Princeton as a professor of economics until his retirement in 1970, at which time he joined the faculty of New York University.

Morgenstern wrote many other articles and books, including On the Accuracy of Economic Observations, and Predictability of Stock Market Prices with subsequent Nobel laureate Clive Granger.