Brady, Michael Emmett - 2021
mathematical expectation, pA, which only used probability(risk),to incorporate both liquidity preference(w) ,l, and the risk of … has absolutely NOTHING to do with probability.The result has been that chapter 17 of the General Theory, which is quite … obvious in its presentation to a reader of chapters 6 and 26 of the A Treatise on Probability, has been made into an immense …