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A comparison, contrast of Adam Smith, J. M. Keynes and Jeremy Bentham on probability, risk, uncertainty, optimism-pessimism and decision making with applications concerning banking...
Brady, Michael Emmett - In: International journal of applied economics and … 19 (2011) 4, pp. 86-111
Persistent link: https://www.econbiz.de/10009530476
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Adam Smith's theory of probability and the roles of risk and uncertainty in economic decision making
Brady, Michael Emmett - In: International journal of applied economics and … 23 (2015) 1, pp. 17-34
Persistent link: https://www.econbiz.de/10010510805
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Keynesian Uncertainty Can Only Be Represented by Imprecise, Non Additive, Interval Valued Probability or Decision Weights Like Keynes’s C : Ordinal Probability Can’t Represent Keyn...
Brady, Michael Emmett - 2020
probability, although Keynes's theory of probability can easily deal with ordinal probability with the aid of Keynes's principle …
Persistent link: https://www.econbiz.de/10012843351
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The Economic Consequences of G L S Shackle's Ignorance of Keynes's Theory of Probability, Uncertainty, and Decision Making
Brady, Michael Emmett - 2017
Persistent link: https://www.econbiz.de/10012974099
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Adam Smith, Not J M Keynes or Frank Knight, Was the First Scholar to Make the Uncertainty – Risk Distinction Explicitly and Apply it Rigorously
Brady, Michael Emmett - 2016
Adam Smith was the first academic in history to make an explicit, detailed Uncertainty – Risk distinction and apply it … indeterminate (uncertainty) – determinate (risk-calculatable probabilities) approach of his 1854 The Laws of Thought, will be ranked … second. Joseph Schumpeter, with his 1911 Theory of Economic Development contribution, is ranked third, while Keynes with his …
Persistent link: https://www.econbiz.de/10013003722