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Keynes had successfully applied his theory of logical, imprecise probability in his Indian Currency and Finance(1913 … clearly shown by Keynes to be an interval valued theory of probability of upper and lower bounds. In January, 1922,an 18 year … probability with better epistemological foundations, while his theory was about inexact, imprecise, non additive interval valued …
Persistent link: https://www.econbiz.de/10013243909
Finance through the General Theory in 1936, always used his A Treatise on Probability method and methodology of inexact …,Keynes emphasizes that Townshend was correct in his conclusion that the entire concept of the liquidity preference theory of the rate of … and 240 of the General Theory. Of course, it is on these two pages that Keynes's makes the connection between uncertainty …
Persistent link: https://www.econbiz.de/10012832552
nothing correct in it about Keynes‘s A Treatise on Probability, allegedly convince J M Keynes that his logical theory of …
Persistent link: https://www.econbiz.de/10014092721
F. Y. Edgeworth made the only correct assessment of Keynes’s Logical Theory of Probability in his A Treatise on …’s claim, that he was the first to have put forth a detailed interval valued approach for a logical theory of probability, is …
Persistent link: https://www.econbiz.de/10014093471
A myth has been in existence since 1922 about Keynes, Ramsey and the logical theory of probability that Keynes … probabilities that could only be intuited. Keynes supposedly, according to this myth, instantly realized that his theory had been … decimated, annihilated and demolished by the 18 year old boy genius, Frank Ramsey. Keynes then supposedly retracted his theory …
Persistent link: https://www.econbiz.de/10014096035
., 1922, of Keynes’s A Treatise on Probability is comprised of claims about Keynes’s logical theory of probability that, to … belief for 100 years, that Ramsey not only destroyed and demolished Keynes’s logical theory of probability, but that Keynes … subjective theory of probability himself, calls into question the claims made by academics writing on Keynes that they are …
Persistent link: https://www.econbiz.de/10013237897
Probability. Edgeworth’s careful and judicious reading of Keynes’s chapter III allowed him to conclude that Keynes’s theory was an … interval valued theory of probability, as opposed to Kyburg’s claims that Keynes merely had made some comments that would lead … an interval valued theory of probability if they were developed mathematically and logically.Wheeler ‘s evaluation of …
Persistent link: https://www.econbiz.de/10014093334
aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …
Persistent link: https://www.econbiz.de/10012840000
along with Robinson because he was involved in a 54 year old relationship with Joan Robinson. Keynes taught Kahn the theory …
Persistent link: https://www.econbiz.de/10012823476