The Possibility of Possibility

John Hey

Chapter 10 in Unknowledge and Choice in Economics, 1990, pp 168-191 from Palgrave Macmillan

Abstract: Abstract It is now forty years since Professor Shackle published his masterly Expectation in Economics, therein formalising and synthesising his innovative work of the previous decade. Since then, though in varying degrees, controversy has raged over the relevance of his ideas for economic theory, and over the relevance of economic theory for economic life.

Keywords: Subjective Probability; Conventional Wisdom; Press Return; Reward Structure; Lottery Ticket (search for similar items in EconPapers)
Date: 1990
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Journal Article: The Possibility of Possibility (1985)
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DOI: 10.1007/978-1-349-08097-7_10

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