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 …

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 …

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 …

Expected Utility (SEU) approach can be traced back to Bentham’s original arguments about the ability of rational decision … the areas of application in which it can aid a decision maker. They both accept an interval approach to probability based … very similar views with respect to analyzing speculative bubbles, lenders versus borrowers risk assessments, the dangers of …