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The Impact that Ramsey's Overlooking of Keynes's Non Additive, Interval Valued Probability Approach in His Reviews of the a Treatise on Probability Has Had on Philosophers and Econ...
Brady, Michael Emmett - 2018
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
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How Confusing Keynes's Normative Decision Theory in the a Treatise on Probability and General Theory with Kahneman and Tversky's 'Heuristics and Biases (Errors)', Descriptive Theor...
Brady, Michael Emmett - 2017
Theory by way of his definition of uncertainty on p.148 in chapter 12 of the General Theory, with the “Heuristics and Biases … (errors)” approach of Kahneman and Tversky. Uncertainty was defined in the General Theory as an inverse function of the weight … Theory are automatically intervals except in the very extreme cases of no uncertainty (Modern Bayesian, Subjectivist …
Persistent link: https://www.econbiz.de/10012950042
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Keynes’s Canonical Statements on Uncertainty Appear in his 1921 a Treatise on Probability in Chapter 26 on Pages 309-312 : Statements about Uncertainty in the General Theory in 193...
Brady, Michael Emmett - 2019
Probability, the General Theory,and the 1937 Quarterly Journal of Economics, reveal that Keynes’s discussions about uncertainty in … the General Theory, and the 1937 Quarterly Journal of Economics article are simply small ,minor footnotes to the A … probability, weight,and his liquidity preference theory of the rate of interest on pages 148 and 240 of the General Theory. There …
Persistent link: https://www.econbiz.de/10014104170
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It Is Not Possible to Fix the Misleading Analysis Contained in the History of Economic Thought Website of the Hicks -Hansen Version of the IS-LM Model If One Is Seeking to Grasp Ke...
Brady, Michael Emmett - 2021
Keynes’s IS-LM model in the General Theory, defined in (r,Y) space and contained in chapter 21 in Part IV on pp. 298 …-299 of the General Theory, was derived from the underlying D-Z model of Chapter 20 that incorporated expectations and … ASC occurs two times in the General Theory. The first derivation is contained in ft. 2 of pp. 55-56 of the General Theory …
Persistent link: https://www.econbiz.de/10013250962
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On the Shocking Ignorance of Economists of G. Boole’s Logical Theory of Probability in His 1854 the Laws of Thought : Keynes’s Logical Theory of Probability in the 1921 a Treatise...
Brady, Michael Emmett - 2020
Keynes's logical theory of probability was NOT the first explicit and detailed approach to logical probability. George …'s own logical theory was built on both the work of Boole and the work of William E. Johnson. This paper will deal with the … built his logical theory of probability and who were the scholars whom Keynes built his approach to logical probability on …
Persistent link: https://www.econbiz.de/10012845317
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The Main Result of Keynes’s Evidential Weight of the Argument Analysis, in Chapter 6 of the A Treatise on Probability, Is That V=V(a/h) =V(a/h1, h2, h3, h4……hn, hn+1….) While the M...
Brady, Michael Emmett - 2020
The misbelief that Keynes's concept of the evidential weight of the evidence, V=V(a/h), in chapter 6 of the A Treatise on Probability, represented a measure of the absolute amount of relevant evidence, came about due to the failure of all philosophers and economists in the 20th and 21st...
Persistent link: https://www.econbiz.de/10012832810