of an interval estimate. His critique of Keynes's theory is based on a poor reading of chapter 3 of the A Treatise on …

Eight centuries ago, Thomas Aquinas clearly differentiated between probability and uncertainty in decision making. He … from the A Treatise on Probability and confidence from Keynes’s General Theory, as well as Adam Smith’s views on …’s weight of the evidence concept in Keynes’s A Treatise on Probability and confidence concept from Keynes’s General Theory …

The differences between Knight's approach in Risk, Uncertainty and Profit (1921) and Keynes's logical theory of … evidence would not be sufficient to lead to a precise probability by the time a decision had to be made. It is impossible to …

totally and completely unaware of the major decision theory innovations made by George Boole,J M Keynes, and Theodore … written on this topic, so it is representative of his understanding of the current history of decision making.The conclusion … reached in this reexamination of the historical record is that Wakker, like all other economists and decision theorists, is …

asserted that all rational decision makers would be able to actually maximize utility and returns as long as government would … axiom was that all the relevant information, data, evidence or knowledge base is complete, so that individual decision … maximize utility or profits, in general, for Smith and Keynes, except as a very special case. The only conclusion possible is …

probability, although Keynes's theory of probability can easily deal with ordinal probability with the aid of Keynes's principle … additive interval estimate of probability or by a decision weight, like Keynes's original, path breaking innovation of his …