This paper examines the decline in use of the Knight-Keynes uncertainty concept in mainstream economics. Using … uncertainty concept is additionally related to the increasing mathematical formalization of economics and to the prevalence of a …

The theorem of existence of the ruptures in the probability scale was proved in 2010. The theorem is used to analyze …, including application of the theorem. Its most significant result: when uncertainty increases, then taking the theorem into …

concentrates on Keynes’s Treatise on Probability and discusses how Keynes applied his philosophy of probability to decision … agents behave under uncertainty, and that the violations of the Bayesian creed scrutinized in behavioural finance, and in … frequency probability …

A theorem of existence of ruptures in the probability scale has been proven. The theorem can be used, e.g., in …

Economical Dynamics MMSED-2010, is devoted to applications of the modern achievements of probability theory to economics. The … probability scale to solution of some problems of modelling of the economic behavior of a man. The existence of the ruptures near … the borders of the probability scale has been proved to solve the problems in the all four "folds" of the "four …

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 𝜎-field over …