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In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally...
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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 …
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: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction …
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: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction …-being ; satisfaction ; income evaluation …
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reduces a person's current life satisfaction even after the person has become reemployed. Our results suggest that the scar … it "scaresʺ. -- Unemployment ; scarring ; happiness ; life satisfaction …
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estimates of the impact of unemployment and of job insecurity on life satisfaction and on mental health, in the context of a … policies. -- life satisfaction ; mental health ; unemployment ; employment ; job insecurity ; employability ; flexicurity …
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