Risk, Uncertainty and Expectation as language game categories: - what we can still learn from Keynes

Mário Gómez

No 2009/14, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: In this paper we will discuss the relation between the rationality of the agents, and the probability context that involves them in the decision process made by Keynes but considering categories such as expectation as language game, in the sense that Roger Koppl understand it as-if rationalizations. In this sense Keynes’s expectations can be understand and see as only a very particular category: cognitive expectation and the uncertain situation as a very specific circumstance in production process. If expectation theory is one of the crucial issues in economic theory, a language game theory of expectation provide a more general case that need to be re-examinate as a stimulating approach

Keywords: history of the economic ideas in Latin America; economic theory; expectations; theory of expectations. (search for similar items in EconPapers)
JEL-codes: B5 O3 O4 (search for similar items in EconPapers)
Date: 2009-03
New Economics Papers: this item is included in nep-cbe, nep-hpe, nep-mac, nep-pke and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://pascal.iseg.utl.pt/~depeco/wp/wp142009.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to pascal.iseg.utl.pt:80 (nodename nor servname provided, or not known)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ise:isegwp:wp142009

Access Statistics for this paper

More papers in Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa Department of Economics, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL.
Bibliographic data for series maintained by Vitor Escaria ().