The Neoclassical Uncertainty Paradigm is a probabilistic concept. It allows for the calculability of uncertainty by means of probabilities. Furthermore, it is the basis of rational choice in situations of uncertainty. Probability has become a widely-accepted concept in economics and other sciences. Yet, the foundations of probability reasoning are found in the ordinary business of everyday life and theology. Only later, probability calculus became associated with science.
CITATION STYLE
Köhn, J. (2017). Truth, probability and uncertainty. In Contributions to Economics (pp. 39–47). Physica-Verlag. https://doi.org/10.1007/978-3-319-55351-1_3
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