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 …

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 …

axiom was that all the relevant information, data, evidence or knowledge base is complete, so that individual decision … asserted that all rational decision makers would be able to actually maximize utility and returns as long as government would … cases of the more generalized Smith – Keynes axiom set. Keynes did exactly what he said he would do in the General Theory on …

-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 …

the areas of application in which it can aid a decision maker. They both accept an interval approach to probability based … approach to probability. Bentham’s views on probability and decision making are directly opposed to those of Smith and Keynes …. Bentham can be regarded as the founder of the subjectivist, Bayesian approach to decision making. The modern Subjective …

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 …

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 …