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 …

The SIPTA (Society for Imprecise Probability,Theory and Application) view of Keynes's contributions to imprecise … mathematical contributions made to the theory of imprecise probability by Keynes, such as upper and lower probabilities, non … additive probabilities,sub additive probabilities, interval valued estimates, decision weights, etc, in Parts II, III, IV and V …

B. Hill’s work on the “Confidence approach “ to decision making under uncertainty is based on the use of interval … on Probability in chapter 26 to Keynes’s discussions of confidence in the General Theory.None of Keynes’s technical work … in Parts II -V of the A treatise on Probability or the General Theory is ever mentioned by Hill.Hill’s overlooking of …

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 …

-data-knowledge provided in the real world of decision making did not allow a decision maker to specify precise, definite, exact, numerical … approaches to probability claim that ALL probabilities can be represented by a single numeral between 0 and 1 and the decision … economic decision makers were confronted with knowledge structures that were not sharp and clear, but cloudy and amorphous …