Michael Emmett Brady
Biographic Data
| ID | 3768487 |
|---|---|
| NAME | Michael Emmett Brady |
| GIVEN NAMES | Michael Emmett |
| FAMILY NAME | Brady |
| SIGNATURE | BRADY M E |
| AFFILIATIONS | Flower Hospital |
| ORCID | 0000-0003-1006-6874 |
| VERIFIED | Yes |
| TOTAL WORKS | 17 |
| TOTAL CITATIONS | 12 |
| AUTHOR COUNT | 17 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1984 |
| LATEST PUBLICATION YEAR | 2010 |
| H-INDEX | 2 |
Dos clássicos aos hereges
O artigo trata da posição teórica de Keynes relativamente à economia clássica e à abordagem denominada herética. A primeira seção resgata os traços distintivos das escolas clássica e neoclássica segundo a demarcação proposta por Keynes, bem como as críticas por ele dirigidas às principais teses defendidas por essas linhagens teóricas. A seguir, retoma-se a sua avaliação dos argumentos subconsumistas, indicando-se os seus pontos de convergência e …
J. M. Keynes' Decision Theory, a Technical Note
It is demonstrated mathematically that both the expected monetary value and linear, risk-neutral, subjective, expected utility rules are special cases of J. M. Keynes' weighted monetary value rule
A Note on the Extension of J. M. Keynes' Decision Theory
It is a simple and straightforward matter to adjust the weights used in Keynes' decision theory to model risk and ambiguity aversion also to model preference for risk and ambiguity. Once these modifications are made, Keynes' theory is complete, as it covers all possible cases
A Note on the Keynes-Pigou Controversy
Research Article| November 01 1994 A Note on the Keynes-Pigou Controversy Michael Emmett Brady Michael Emmett Brady Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 697–705. https://doi.org/10.1215/00182702-26-4-697 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Michael Emmett Brady; A Note on the Keynes-Pigou Controversy. History of Political…
A theoretical analysis of the environmental effects of lead contamination over time on IQ, education and crime in America
Lead poisoning and contamination is a major factor which partly explains why racial minorities in the U.S.A. have lower than average IQ's, social mobility, educational success and economic prosperity. When combined with the factors of low birth weight and childhood neglect/physical abuse, higher minority crime rates are partially explained. The major conclusion is that government war on poverty/economic education and opportunity programs for mino…
J. M. Keynes's Theoretical Approach to Decision-making Under Conditions of Risk and Uncertainty
Theoretical Comparison of the Decision Theories of J. M. Keynes, Kahneman-Tversky, and Einhorn-Hogarth
It is demonstrated that J. M. Keynes in 1921 provided a complete decision rule that handles both the cases of nonlinear probability preferences and ambiguity or uncertainty. The 1979 Kahneman-Tversky approach deals only with risk (nonlinear probability preferences) and does not specify a decision rule. The 1985–1986 Einhorn-Hogarth anchoring and adjustment rule deals only with ambiguity or uncertainty and not risk. Only Keynes' rule does both
Theoretical Comparison of the Decision Theories of J. M. Keynes, Kahneman-Tversky, and Einhorn-Hogarth
The role of risk assessment and the rate of discount in benefit‐cost analysis
Current theoretical and applied work in energy analysis, which uses a benefit‐cost rate of discount approach, does not properly take into account the significant differences in the risks of the different energy alternatives, whenever energy alternatives are evaluated from a long run, sustainability framework. A simple variational calculus model is developed to enable an energy or environmental planner to incorporate nonsustainable, irreversible r…
The Mathematical Development of Keynes's Aggregate Supply Function in the General Theory
Research Article| March 01 1990 The Mathematical Development of Keynes's Aggregate Supply Function in the General Theory Michael E. Brady Michael E. Brady Search for other works by this author on: This Site Google History of Political Economy (1990) 22 (1): 167–172. https://doi.org/10.1215/00182702-22-1-167 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Michael E. Brady; The Mathematical Developm…
Stability and sustainability of modern chemical farming
It is demonstrated that modern farming techniques, based on a short‐run, profit maximizing economic approach, using an array of artificial fertilizers, pesticides, herbicides and fungicides, is dynamically unstable and unsustainable. The result is the erosion of top soil which can't be regenerated, substituted for or recycled once lost, since its development over geological time required hundreds of thousands of years
Is There an Ellsberg-Fellner Paradox? A Note on its Resolution
The Ellsberg-Fellner Paradox can be shown to be nonparadoxical if Keynes' concept of weight-of-evidence is incorporated in decision making under risk and/or uncertainty. Keynes' concept is a more advanced version of C. S. Peirce's “second number” approach and is identical to R. Carnap's reliability-unreliability index. The Ellsberg-Fellner Paradox is paradoxical only to decision theorists who accept the Von Neumann-Morgenstern-Savage axioms. Deci…
Is There an Allais Paradox? A Note on its Resolution
If a decision maker uses J. M. Keynes' “conventional coefficient of risk and weight” in making decisions under conditions of risk and/or uncertainty, then a consistent pattern of ranked outcome results is not paradoxical as proposed by Allais. Similarly, the paradoxical aspects of the “reflection effect” in Kahneman and Tversky's Prospect Theory analysis of the Allais' paradox, also vanishes. The Allais Paradox can only exist when probabilities a…
Dynamics of Choice Behavior
In choice behavior, researchers have noticed that humans have a preference for some probabilities, Most researchers in the past 40 yr. have been unable to account for the nonlinearity of this behavior. The convex shape of nonlinear subjective probabilities has been experimentally confirmed by every investigator from Preston and Baratta through Edwards, Handa, and Kahneman and Tversky. What has been lacking is a clear analysis of why the probabili…
J. M. Keynes's position on the general applicability of mathematical, logical and statistical methods in economics and social science
J. M. Keynes' ?theory of evidential weight
A theoretical analysis of the effect of fear on the location decisions of urban — suburban residents
J. M. Keynes's Theoretical Approach to Decision-making Under Conditions of Risk and Uncertainty
J. M. Keynes' ?theory of evidential weight
A Note on the Keynes-Pigou Controversy
Research Article| November 01 1994 A Note on the Keynes-Pigou Controversy Michael Emmett Brady Michael Emmett Brady Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 697–705. https://doi.org/10.1215/00182702-26-4-697 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Michael Emmett Brady; A Note on the Keynes-Pigou Controversy. History of Political…
The Mathematical Development of Keynes's Aggregate Supply Function in the General Theory
Research Article| March 01 1990 The Mathematical Development of Keynes's Aggregate Supply Function in the General Theory Michael E. Brady Michael E. Brady Search for other works by this author on: This Site Google History of Political Economy (1990) 22 (1): 167–172. https://doi.org/10.1215/00182702-22-1-167 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Michael E. Brady; The Mathematical Developm…
A theoretical analysis of the effect of fear on the location decisions of urban — suburban residents
A theoretical analysis of the effect of fear on the location decisions of urban — suburban residents
J. M. Keynes' ?theory of evidential weight
J. M. Keynes's position on the general applicability of mathematical, logical and statistical methods in economics and social science
Stability and sustainability of modern chemical farming
It is demonstrated that modern farming techniques, based on a short‐run, profit maximizing economic approach, using an array of artificial fertilizers, pesticides, herbicides and fungicides, is dynamically unstable and unsustainable. The result is the erosion of top soil which can't be regenerated, substituted for or recycled once lost, since its development over geological time required hundreds of thousands of years
Is There an Ellsberg-Fellner Paradox? A Note on its Resolution
The Ellsberg-Fellner Paradox can be shown to be nonparadoxical if Keynes' concept of weight-of-evidence is incorporated in decision making under risk and/or uncertainty. Keynes' concept is a more advanced version of C. S. Peirce's “second number” approach and is identical to R. Carnap's reliability-unreliability index. The Ellsberg-Fellner Paradox is paradoxical only to decision theorists who accept the Von Neumann-Morgenstern-Savage axioms. Deci…
Is There an Allais Paradox? A Note on its Resolution
If a decision maker uses J. M. Keynes' “conventional coefficient of risk and weight” in making decisions under conditions of risk and/or uncertainty, then a consistent pattern of ranked outcome results is not paradoxical as proposed by Allais. Similarly, the paradoxical aspects of the “reflection effect” in Kahneman and Tversky's Prospect Theory analysis of the Allais' paradox, also vanishes. The Allais Paradox can only exist when probabilities a…
Dynamics of Choice Behavior
In choice behavior, researchers have noticed that humans have a preference for some probabilities, Most researchers in the past 40 yr. have been unable to account for the nonlinearity of this behavior. The convex shape of nonlinear subjective probabilities has been experimentally confirmed by every investigator from Preston and Baratta through Edwards, Handa, and Kahneman and Tversky. What has been lacking is a clear analysis of why the probabili…
The role of risk assessment and the rate of discount in benefit‐cost analysis
Current theoretical and applied work in energy analysis, which uses a benefit‐cost rate of discount approach, does not properly take into account the significant differences in the risks of the different energy alternatives, whenever energy alternatives are evaluated from a long run, sustainability framework. A simple variational calculus model is developed to enable an energy or environmental planner to incorporate nonsustainable, irreversible r…
The Mathematical Development of Keynes's Aggregate Supply Function in the General Theory
Research Article| March 01 1990 The Mathematical Development of Keynes's Aggregate Supply Function in the General Theory Michael E. Brady Michael E. Brady Search for other works by this author on: This Site Google History of Political Economy (1990) 22 (1): 167–172. https://doi.org/10.1215/00182702-22-1-167 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Michael E. Brady; The Mathematical Developm…
Theoretical Comparison of the Decision Theories of J. M. Keynes, Kahneman-Tversky, and Einhorn-Hogarth
It is demonstrated that J. M. Keynes in 1921 provided a complete decision rule that handles both the cases of nonlinear probability preferences and ambiguity or uncertainty. The 1979 Kahneman-Tversky approach deals only with risk (nonlinear probability preferences) and does not specify a decision rule. The 1985–1986 Einhorn-Hogarth anchoring and adjustment rule deals only with ambiguity or uncertainty and not risk. Only Keynes' rule does both
Theoretical Comparison of the Decision Theories of J. M. Keynes, Kahneman-Tversky, and Einhorn-Hogarth
A theoretical analysis of the environmental effects of lead contamination over time on IQ, education and crime in America
Lead poisoning and contamination is a major factor which partly explains why racial minorities in the U.S.A. have lower than average IQ's, social mobility, educational success and economic prosperity. When combined with the factors of low birth weight and childhood neglect/physical abuse, higher minority crime rates are partially explained. The major conclusion is that government war on poverty/economic education and opportunity programs for mino…
J. M. Keynes's Theoretical Approach to Decision-making Under Conditions of Risk and Uncertainty
J. M. Keynes' Decision Theory, a Technical Note
It is demonstrated mathematically that both the expected monetary value and linear, risk-neutral, subjective, expected utility rules are special cases of J. M. Keynes' weighted monetary value rule
A Note on the Extension of J. M. Keynes' Decision Theory
It is a simple and straightforward matter to adjust the weights used in Keynes' decision theory to model risk and ambiguity aversion also to model preference for risk and ambiguity. Once these modifications are made, Keynes' theory is complete, as it covers all possible cases
A Note on the Keynes-Pigou Controversy
Research Article| November 01 1994 A Note on the Keynes-Pigou Controversy Michael Emmett Brady Michael Emmett Brady Search for other works by this author on: This Site Google History of Political Economy (1994) 26 (4): 697–705. https://doi.org/10.1215/00182702-26-4-697 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Michael Emmett Brady; A Note on the Keynes-Pigou Controversy. History of Political…
Dos clássicos aos hereges
O artigo trata da posição teórica de Keynes relativamente à economia clássica e à abordagem denominada herética. A primeira seção resgata os traços distintivos das escolas clássica e neoclássica segundo a demarcação proposta por Keynes, bem como as críticas por ele dirigidas às principais teses defendidas por essas linhagens teóricas. A seguir, retoma-se a sua avaliação dos argumentos subconsumistas, indicando-se os seus pontos de convergência e …
Economics (15 works) · Computer Science (9 works) · Psychology (9 works) · Economic Theory and Institutions (8 works) · Mathematical economics (8 works) · Microeconomics (8 works) · Decision-Making and Behavioral Economics (6 works) · Epistemology (6 works) · Philosophy (6 works) · Decision theory (5 works)