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problems in chapter III of the A Treatise on Probability and Chapter 4 of the General Theory.Keynes called this method inexact …
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Paul Davidson's technical understanding of the mathematical details of the Limiting Frequency theory of probability and …
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Keynes made it clear to Townshend in their 1937-38 exchanges that Townshend's assessment, that Keynes ‘s theory of … liquidity preference in the General Theory was based on Keynes's non numerical probabilities and weight of evidence … importance of Keynes's comments on pages 148 and 240 of the General Theory. There is absolutely no support for any heterodox and …
Persistent link: https://www.econbiz.de/10012862428
The claim that Keynes's non numerical probabilities are ordinal probabilities was shown to be mathematically impossible by Keynes in chapter 15 of the A Treatise on Probability on pp.162-163 and in chapter 17 on pp.186-194.Keynes's non numerical probabilities are identical to Boole's constituent...
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