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On the application of J.M. Keynes's approach to decision making |
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| Authors: | Michael E Brady |
| Institution: | 9426 Flower St., Bellflower, CA, 90706, USA |
| Abstract: | It is shown that J. M. Keynes was the originator of what is called a weighted monetary value (WMV) approach to decision making under uncertainty and risk as opposed to either the expected monetary value (EMV) or subjective expected utility (SEU) approaches. |
| Keywords: | |