In the history of economic thought, Shackle was one of the representative critics about probability based economic … theory. Specifically, he constructed his own concept of subjective uncertainty called potential surprise to replace … probability. In 1980s, the potential surprise is axiomatized by Katzner as Kolmogorov-styled measure defined on the &#x1d70e …

Shackle was one of the representative critics of probability calculus. His alternative decision theory was … interpretation of Shacklean theory by focusing on the common stage structure of the decision-making. This paper shows that the … characteristics of Shackle-Katzner framework can be explained as: (1) the non-distributive and non-additive ordinal measure of …

the analysis of decision problem structures reveals that entrepreneurship theory has lacked a process that both recognizes …

After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full … recent results in behavioral economics. Keynes' macroeconomics is the result of his microeconomics. Keynes' theory is a …

Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt …Keynes's General Theory (GT) is more comprehensive than the (neo-) classical model: (1) is comprises the full …

The paper re-expresses arguments against the normative validity of expected utility theory in Robin Pope (1983, 1991a … essential uniqueness property in the context of temporal and atemporal expected utility theory and a proof of the absence of a … limit property natural in an axiomatised approach to temporal expected utility theory. Problems of the time structure of …

Environmental policy often has to be devised under informational constraints, like uncertainty and asymmetric …

Ambiguity refers to a decision situation under uncertainty when there is incomplete information about the likelihood of …

suggests the use of tax-smoothing in the face of future cost increases, is modified by uncertainty regarding the future. The … role of uncertainty and risk aversion are examined using several highly simplified models involving a possible future …

uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule …