Similar Search Results

Keynes’s Use of Certainty Equivalent, Short Run Expectations in the General Theory, the Evidential Weight of the Argument, V(a/H)=W, 0≤w≤1, the Townshend -Keynes Exchanges of 1937–...

Brady, Michael Emmett - 2020

Persistent link: https://www.econbiz.de/10012830854

Keynes Rejected the Concepts of Probabilistic Truth, True Expected Values, True Expectations, True Probability Distributions and True Probabilities : ‘Probability Begins and Ends With Probability’ (Keynes, 1921)

Brady, Michael Emmett - 2020

Persistent link: https://www.econbiz.de/10012831194

George Box’s Realization, That All Models, Especially Statistical Models, Are Wrong Means That It Is Impossible for There to Be Any True Probabilities, True Models, True Theories, True Expectations or True (Accepted) Hypotheses : The Claims, Made By Rational Expectations Proponents About True Objective Probabilities, True Models, True Expectations, True Expected Values, etc., Have No Scientific ...

Brady, Michael Emmett - 2020

Persistent link: https://www.econbiz.de/10012831592

Keynes’s Logical, Objective, Relation of Probability, P(a/H)=α, Where α is a Degree of Rational Belief, Has Nothing to Do with Truth : Both Orthodox and Heterodox Economists Fail to Realize that there is No Such Thing as a True Probability, True Expectation, or True Expected Value

Brady, Michael Emmett - 2019

.There is no support in any theory of probability for such beliefs. Heterodox economists are no better and make the same error …

Persistent link: https://www.econbiz.de/10012863326

On the Impossibility That Any Academic Will Ever Understand Keynes’s 1931 Assessment of Ramsey’s Work in Probability, When Compared to His Own, Until Part II of the A Treatise on P...

Brady, Michael Emmett - 2020

By the time that Keynes’s logical theory of probability appeared in 1921 in his A Treatise on Probability (1921 …). Keynes was a millionaire by 1922. Keynes’s theory is an interval valued approach that can be applied in situations that …, w, is equal to, approaches, or is close to 1, 0≤w≤1, then Keynes’s theory reduces to the use of precise, exact …

Persistent link: https://www.econbiz.de/10014095758

The Formal, Normative Theories of Savage, De Finetti, and Savage and De Finetti Require Additivity. They Never Introduced Sub or Non Additivity (Interval Valued Probability, Imprec...

Brady, Michael Emmett - 2017

Persistent link: https://www.econbiz.de/10012952194

Adam Smith’s Maximizing Prudent Behavior (Minimize Losses) Versus Jeremy Bentham’s Maximizing Utility (Money)

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012930400

Smith's Virtue of Prudence Has Nothing to Do with Bentham's Dictum About Maximizing One's Utility (Money)

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012931359

On the Erroneous Heterodox and Post Keynesian Belief That Keynes’s Interval Valued Decision Theory in the A Treatise on Probability (1921) Was an Ordinal Theory of Probability

Brady, Michael Emmett - 2019

misinterpreted and misrepresented Keynes's introductory analysis on interval valued probability as an ordinal theory of probability ….The result of this misinterpretation and misrepresentation of Keynes's decision theory can be seen in the response of public …

Persistent link: https://www.econbiz.de/10012858777

A comparison-contrast of J. M. Keynes' mathematical modeling approach in the General Theory with some of his General Theory interpreters, especially J. E. Meade

Brady, Michael Emmett - In: History of economics review : HER (1996), pp. 129-157

Persistent link: https://www.econbiz.de/10001250811