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Keynes’s Method Has Nothing to Do With a Common Discourse or Ordinary Language Logic : Keynes’s Method, Which Involved the Use of Inexact Measurement in Probability and Statistics, Based on Approximation, Was Based Directly on Boole’s Mathematical Logic and Algebra

Brady, Michael Emmett - 2019

Persistent link: https://www.econbiz.de/10012861587

Keynes Demonstrated in Chapter 15 of the A Treatise on Probability That His Non Numerical Probabilities Are Identical to Boole’s Constituent Probabilities : It Is Mathematically Impossible for Keynes’s Non Numerical Probabilities to Be Ordinal Probabilities

Brady, Michael Emmett - 2019

The claim that Keynes's non numerical probabilities are ordinal probabilities was shown to be mathematically impossible by Keynes in chapter 15 of the A Treatise on Probability on pp.162-163 and in chapter 17 on pp.186-194.Keynes's non numerical probabilities are identical to Boole's constituent...

Persistent link: https://www.econbiz.de/10012862430

Keynes’s Logical, Objective, Relation of Probability, P(a/H)=α, Where α is a Degree of Rational Belief, Has Nothing to Do with Truth : Both Orthodox and Heterodox Economists Fail to Realize that there is No Such Thing as a True Probability, True Expectation, or True Expected Value

Brady, Michael Emmett - 2019

.There is no support in any theory of probability for such beliefs. Heterodox economists are no better and make the same error …

Persistent link: https://www.econbiz.de/10012863326

Keynes Always Adhered to His Logical, Objective Probability Relation, Defined As P(a/H) Equals a Rational Degree of Belief, α : Logical Probability Always Remained the Guide to Life for J M Keynes

Brady, Michael Emmett - 2019

Keynes's 1931 acknowledgement, that Ramsey's theory of subjective degree of belief, based on numerically precise …'s theory did not deal with Keynes's rational degrees of belief, P(a/h)=α,where 0≤α≤1. Only in the special case where w=1 does …

Persistent link: https://www.econbiz.de/10012864215