Author : Michael Emmett Brady
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis 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 His Uncertainty Definition in the General Theory by : Michael Emmett Brady
Download or read book 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 His Uncertainty Definition in the General Theory written by Michael Emmett Brady and published by . This book was released on 2017 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a straight forward exercise to demonstrate that the concept of the weight of the evidence in the A Treatise on Probability and the concept of uncertainty in the General Theory both follow directly from Keynes's analysis and application of Boole's development of the concept of upper and lower probabilities in The Laws of Thought in 1854 in Part II of the A Treatise on Probability.This demonstration shows that both GLS Shackle's definition of uncertainty and Paul Davidson's definition of uncertainty, not only have nothing to do with the work of J M Keynes, but are directly in conflict with it. Neither the Shackle or the Davidson approaches can deal with interval valued probability. Shackle and Davidson can only deal with numerical probabilities based on the limiting frequency interpretation of probability.