–weight of the evidence approach to decision making from the A Treatise on Probability, that Keynes integrated into the General … theorist like Keynes, is that decision makers are horribly ignorant of the laws of the probability calculus when making … decisions and thus make all kinds of errors and mistakes that could be corrected if the decision makers would restudy basic …

Eight centuries ago, Thomas Aquinas clearly differentiated between probability and uncertainty in decision making. He … the just price was likely to be inaccurate, due to missing or incomplete information so that the best one could do in a … possibly upper bounds) bound on the part of the buyer, where it was likely that the just price would lie, after a process of …

The concept of competitiveness is a term widely discussed when defining a range of policy issues. While this concept …