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Paul Davidson's technical understanding of the mathematical details of the Limiting Frequency theory of probability and …
Persistent link: https://www.econbiz.de/10012861031
the imprecise theory of probability long before Koopman's work in 1940 or the work of I. J. Good, C. Smith ,or H.E. Kyburg …
Persistent link: https://www.econbiz.de/10012842021
interpretations of probability. Shackle's arguments failed completely when confronted with Keynes's theory of logical probability.J M … Keynes's theory of probability is a logical, objective, epistemological approach that is based on partial ordering and not … valued probability, can demonstrate that Shackle's theory is a very special theory that applies only to situations of …
Persistent link: https://www.econbiz.de/10012933480
All Rational Expectation Theorists rely on the Fallacy of Conditional Apriorism (Long Runism)in order to operationalize the Objective Limiting Frequency Interpretation of Probability. However, such a limit only occurs in the far distant long run as the number of observations from Time Series...
Persistent link: https://www.econbiz.de/10012893664