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2. Probabilidad e incertidumbre en Keynes. Una revisión de tipo bayesiano.

Author

Esteban Jacobo, Juan

Subjects
*KEYNESIAN economics, *BAYES' theorem, *MAXIMUM entropy method, *FREQUENTIST statistics, *UNCERTAINTY, *PROBABILITY theory, *ENTROPY
Abstract

This paper analyzes the concept of probability in Keynes' work and proposes a method for formalizing the notion of uncertainty in the General Theory using Bayes' theorem and the principle of maximum entropy. One of the main conclusions is that, despite sharing his rejection of the frequentist approach to statistics, it is unreasonable to think that numerical probabilities cannot be determined, even if some criterion of objectivity is met. [ABSTRACT FROM AUTHOR]

Published
2021
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