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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 …
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probability, although Keynes's theory of probability can easily deal with ordinal probability with the aid of Keynes's principle …
Persistent link: https://www.econbiz.de/10012843351
existing theory of probability that supports the claims made by rational expectationists. There is no right(wrong), correct … theory of probability. Likewise, all objective theories of probability deny the existence of subjective probability …
Persistent link: https://www.econbiz.de/10012908227
The theory of rational expectations has no foundation in any extant theory of probability. None of the five existing …
Persistent link: https://www.econbiz.de/10012910371
expected utility without citing Von Neumann's (and Morgenstern's) theory of risk. Von Neumann, an adherent of Keynes's logical … theory of probability between 1936 and 1942, and Morgenstern used objective limiting frequencies to explicate risk since … theory of probability that shows how subjective probabilities converge to objective probabilities over time as the subjective …
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illustrating his theory of measurement in chapter III of the A Treatise on Probability, is meant to demonstrate interval valued …
Persistent link: https://www.econbiz.de/10012891107