Crossref Citations
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Brady, Michael Emmett
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Given B. De Finetti’s Conclusion that 'Probability (Objective) Does not Exist', Then Rational Expectations Does not Exist Either.
SSRN Electronic Journal ,
Brady, Michael Emmett
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J. Muth’s 1961, Econometrica Article Conception of Probability Was Inconsistent and Incoherent: There Is No Such Thing as a Hybrid Subjective-Objective Theory of Probability.
SSRN Electronic Journal ,
Brady, Michael Emmett
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Rational Expectations Has No Foundation in Any Coherent, Existing Theory of Probability.
SSRN Electronic Journal ,
Brady, Michael Emmett
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On the Very Severe Logical, Epistemological, Methodological and Philosophical Deficiencies in J. Muth’s Concept of Rational Expectations.
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Brady, Michael Emmett
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On the Immense and Severe Confusions and Muddles About the Nature Ofsubjective and Objective Probability in the Theory of Rational Expectations: Asubjective Probability (Distribution) Can Never Become an Objective Probability(distribution) or a True or a Correct Probability.
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Brady, Michael Emmett
2019.
Muth’s Rational Expectations Hypothesis, That “…The Subjective Probability Distributions Are Distributed Around an Objective Probability Distribution, for a given Information Set…” is an Oxymoron. It Can Be Corrected by Amending It to Read “…The Subjective Probability Distributions Are Distributed Around a Subjective Consensus Probability Distribution, for a given Information Set…”.
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Brady, Michael Emmett
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On Paul Davidson’s Critique of Rational Expectations: Aiming at the Wrong Target Using the Wrong Theoretical Construct for the Wrong Reasons.
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