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Keynes's logical theory of probability,which is silly: “Braithwaite's reaction [author's note-Braithwaite's reaction to … the addition rule(additivity) is a special case only in chapters 10-14 while chapters 15-17 contain Keynes's theory of …
Persistent link: https://www.econbiz.de/10012825285
Treatise on Probability and General Theory. Keynes favored using systems of simultaneous equations both in the A Treatise on … Probability and General Theory. A study of the student notes taken in the years from 1932 to 1935 alone will lead to the wrong …
Persistent link: https://www.econbiz.de/10012870871
misinterpreted and misrepresented Keynes's introductory analysis on interval valued probability as an ordinal theory of probability ….The result of this misinterpretation and misrepresentation of Keynes's decision theory can be seen in the response of public …
Persistent link: https://www.econbiz.de/10012858777
handles ordinal probability, the theory of the Treatise on Probability is that of “Approximation,” which is interval valued …
Persistent link: https://www.econbiz.de/10012923787
. Keynes correctly showed in the General Theory that you could not specify the rate of interest just from the supply of savings … from error by combining the IS and LM curves together to provide a consistent and coherent theory of the rate of interest … lectures in December, 1933, and included them in the 1934 draft copy of the General Theory, he refused to present this formal …
Persistent link: https://www.econbiz.de/10012928661
J M Keynes could not respond to Ramsey’s 1922 Cambridge Magazine “article” because Keynes’s response would have required him to methodically show that every paragraph of Ramsey’s 3 page note didn’t make any sense at all due to the large numbers of errors of commission and omission....
Persistent link: https://www.econbiz.de/10013237449
., 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