Comments on: Gray on Akerlof and Shiller http://www.vukutu.com/blog/2009/11/gray-on-akerlof-and-shiller/ away beyond many a far meridian Sat, 20 Feb 2010 05:56:36 +0000 http://wordpress.org/?v=2.8.6 hourly 1 By: Simon http://www.vukutu.com/blog/2009/11/gray-on-akerlof-and-shiller/comment-page-1/#comment-592 Simon Sun, 29 Nov 2009 16:07:15 +0000 http://www.vukutu.com/blog/?p=1430#comment-592 I haven't read enough to Shackle's work to know "A Treatise on Probability", but I have read "Decision, Order and Time in Human Affairs" (The copy I read was published in 1961) which develops an initial version of what became possibility theory. Of course, the way that theory has developed doesn't make it necessarily any better a foundation for decision making than the usual model though, so far as I am aware, nobody has looked at whether it is or is not. I haven’t read enough to Shackle’s work to know “A Treatise on Probability”, but I have read “Decision, Order and Time in Human Affairs” (The copy I read was published in 1961) which develops an initial version of what became possibility theory.

Of course, the way that theory has developed doesn’t make it necessarily any better a foundation for decision making than the usual model though, so far as I am aware, nobody has looked at whether it is or is not.

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