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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 …
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Theory by way of his definition of uncertainty on p.148 in chapter 12 of the General Theory, with the “Heuristics and Biases … (errors)” approach of Kahneman and Tversky. Uncertainty was defined in the General Theory as an inverse function of the weight … Theory are automatically intervals except in the very extreme cases of no uncertainty (Modern Bayesian, Subjectivist …
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