interpretations of probability. Shackle's arguments failed completely when confronted with Keynes's theory of logical probability.J M … Keynes's theory of probability is a logical, objective, epistemological approach that is based on partial ordering and not … valued probability, can demonstrate that Shackle's theory is a very special theory that applies only to situations of …

existing theory of probability that supports the claims made by rational expectationists. There is no right(wrong), correct … theory of probability. Likewise, all objective theories of probability deny the existence of subjective probability …

decision theory, reveal an astounding lack of knowledge and understanding regarding the makeup of Keynes's logical theory of … skipped or skimmed over, as was done by F P Ramsey in his reviews of 1922 and 1926.Keynes's logical theory of probability is … based on the upper–lower probability approach of George Boole. Boole is the explicit founder of the logical theory of …

subjective theory of probability is that the subjective probabilities must be additive, so that they are coherent, which means … frequency theory of probability, which can only hold in the very long run as one approaches infinity. Rational expectationists …

uncertainty in the General Theory is based on the ergodic-non ergodic distinction. It is easy to show that this is false because … footnotes in the General Theory that established the link between Uncertainty and the Weight of the argument (evidence). This … based on Subjective Expected Utility (SEU) theory, which is based on the Ramsey-De Finetti-Savage-Friedman personalist …