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uncertainty in the General Theory is based on the ergodic-non ergodic distinction. It is easy to show that this is false because … footnotes in the General Theory that established the link between Uncertainty and the Weight of the argument (evidence). This … based on Subjective Expected Utility (SEU) theory, which is based on the Ramsey-De Finetti-Savage-Friedman personalist …
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Smith, Keynes, and Knight, in that order, made seminal contributions to decision making which emphasized uncertainty …
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Knight’s risk/uncertainty distinction is reviewed in its original context as a contribution to the theory of profit … entrepreneurship theory. Von Mises distinguishes between class probability (i.e. risk) and case probability (i.e. uncertainty) in … reviewed, focusing on his logical theory of probability in A Treatise on Probability which he subsequently contextualised in …
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