Is Probability Theory Relevant for Uncertainty? A Different Perspective

Paul Davidson

Chapter 16 in Inflation, Open Economies and Resources, 1991, pp 171-192 from Palgrave Macmillan

Abstract: Abstract The Journal of Economic Perspectives (1987, p. 3) is dedicated ‘to providing a range of perspectives on economics and to show how an economic perspective can help in understanding society and some of its problems’. Sometimes, however, the ‘range of perspectives’ provided and the resulting help in understanding society’s economic problems has been unduly limited.

Keywords: Subjective Probability; Rational Expectation; Spot Market; Sunspot Activity; Animal Spirit (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11516-7_16

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DOI: 10.1007/978-1-349-11516-7_16

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