Partial Structures and Jeffrey-Keynes Algebras

In Tsuji 1997 the concept of Jeffrey-Keynes algebras was introduced in order to construct a paraconsistent theory of decision under uncertainty. In the present paper we show that these algebras can be used to develop a theory of decision under uncertainty that measures the degree of belief on the quasi (or partial) truth of the propositions. As applications of this new theory of decision, we use it to analyze Popper's paradox of ideal evidence and to indicate a possible way of formalizing Keynes' theory of economic action.