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J M Keynes’s Logical Theory of Probability in the A Treatise on Probability (1921) Is Based on the Interval Valued Approach of Boole and Not on the Principle of Indifference, Which...
Brady, Michael Emmett - 2019
It was George Boole who published the first systematic exposition of a logical theory of probability in 1854 in The …
Persistent link: https://www.econbiz.de/10012869813
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On the Very Severe Contradictions, Inconsistencies, and Confusions in the Assessment of Keynes’s Logical Theory of Probability in the A Treatise on Probability by Heterodox Economi...
Brady, Michael Emmett - 2020
, who are considered to be the top Heterodox experts on Keynes's A Treatise on Probability, logical theory of probability …, and of the connections between the A Treatise on Probability and Keynes's General Theory. The exchanges between Sheila Dow …
Persistent link: https://www.econbiz.de/10012824402
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How Sipta Overlooked Keynes’s Major Contributions to Imprecise Probability and Decision Making, 1999–2019
Brady, Michael Emmett - 2020
The SIPTA (Society for Imprecise Probability,Theory and Application) view of Keynes's contributions to imprecise … mathematical contributions made to the theory of imprecise probability by Keynes, such as upper and lower probabilities, non … in his analysis of uncertainty in his theory of the liquidity preference approach to the rate of interest in the General …
Persistent link: https://www.econbiz.de/10012825120
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Keynesian Uncertainty Can Only Be Represented by Imprecise, Non Additive, Interval Valued Probability or Decision Weights Like Keynes’s C : Ordinal Probability Can’t Represent Keynesian Uncertainty
Brady, Michael Emmett - 2020
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
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Keynes Spelt Out Exactly What 'Degree of Rational Belief ' Meant in His a Treatise on Probability (1921) : Correcting the Severe Errors in Courgeau (2012)
Brady, Michael Emmett - 2020
philosophy, when it comes to the question of understanding the meaning of Keynes ‘s logical theory of probability and his concept …
Persistent link: https://www.econbiz.de/10012830367
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AP On I J Good’s Inability to Grasp Keynes’s Complete Analysis of the Weight of the Argument : The Logical Part of the Analysis of Evidential Weight of the Argument in Chapter 6 and the Mathematical Part of the Analysis in Chapter 26 in the A Treatise On Probability
Brady, Michael Emmett - 2020
The mis-belief 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 ,can be traced back to some 40 book and journal contributions made by I J Good between 1950...
Persistent link: https://www.econbiz.de/10012832514
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On the Explicit Connections Between Keynes’s Chapter 15 of the A Treatise on Probability(1921) and Chapter Four of the General Theory(1936) : Keynes’s Method in the General Theory...
Brady, Michael Emmett - 2020
Finance through the General Theory in 1936, always used his A Treatise on Probability method and methodology of inexact …,Keynes emphasizes that Townshend was correct in his conclusion that the entire concept of the liquidity preference theory of the rate of … and 240 of the General Theory. Of course, it is on these two pages that Keynes's makes the connection between uncertainty …
Persistent link: https://www.econbiz.de/10012832552
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J M Keynes's Non (Sub) Additive, Interval Valued Approach to Probability is the Foundation for Both Keynes's Weight of the Evidence Analysis in the A Treatise on Probability and Hi...
Brady, Michael Emmett - 2017
Probability and the concept of uncertainty in the General Theory both follow directly from Keynes's analysis and application of …
Persistent link: https://www.econbiz.de/10012948978
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On J M Keynes's Clear Cut Discussion of Interval Valued Probability in Chapter III of the a Treatise on Probability
Brady, Michael Emmett - 2017
In chapter III of the A Treatise on Probability, Keynes made it very clear that ordinal, qualitative probability did not apply in many cases. Further, ordinal probability was very weak as far as providing useful information upon which a decision maker could act. However, this did not mean that...
Persistent link: https://www.econbiz.de/10012950375