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'Preferring that which you desire less': A Condillacian approach to choice under uncertainty

Orain, Arnaud - In: The European Journal of the History of Economic Thought 18 (2011) 3, pp. 321-352

In his Dissertation sur la liberte (1754b), Condillac propounds a theory of choice that is intrinsically probabilistic. Reflecting on the cases which we would qualify as 'paradoxes in expected utility' he puts these down to common faults, explicable by 'delusions' and 'dominant desires'. This...

Persistent link: https://www.econbiz.de/10009219650

Continuity and change in Keynes's thought: the importance of Hume

Andrews, David - In: The European Journal of the History of Economic Thought 6 (1999) 1, pp. 1-21

Keynes's economic thought underwent a major transition during the course of his life; in recent years a debate has arisen over whether Keynes's philosophical thought underwent a similar transition. This paper argues that, despite the existence of significant continuities, Keynes's philosophical...

Persistent link: https://www.econbiz.de/10009221642

Edgeworth on the foundations of ethics and probability

Baccini, Alberto - In: The European Journal of the History of Economic Thought 14 (2007) 1, pp. 79-96

The paper analyses the foundation of utilitarian ethics and theory of probability in the works of Francis Y. Edgeworth … problems in ethics and economics; and the enlargement of the frequentist definition of probability, necessary for the …

Persistent link: https://www.econbiz.de/10005505355

Keynes and probability: An assessment

Roncaglia, Alessandro - In: The European Journal of the History of Economic Thought 16 (2009) 3, pp. 489-510

an important instance of this general rule; namely Keynes's views on the logic of probability, meant as the field … concerning human behaviour in an uncertain world (hence connected to, but distinct from, the pure theory of probability, meant as … probability and the main criticisms they received, pertaining among other things to the limits of their applicability. We then …

Persistent link: https://www.econbiz.de/10008609686