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The Nature of Expectations
Subjective Factors in Expectations
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accepted actual analysis apply attached behave behaviour businessman choice coalition column Conservative Party corresponding costs degrees of potential depends derived determined economic equally confirmed equilibrium evidence expectation of profits explain fact firm focus loss focus outcomes formal representation frequency distribution G. L. S. Shackle gains and focus gambler indifference greater Hurwicz's implies indifference curves individual individual's instance introspection L. J. Savage Labour Party latter marginal utility maximin strategy maximize mean value mixed strategies moral expectation multi-outcome prospects original prospect output pair particular possible outcomes potential surprise predictions primary focus gain probability measure probability weights pure strategies question ranking reduced relation relevant repetitive event respective result risk saddle point safety margins security level sequences Shackle's theory standardized focus gain strategy which gives subjective pay-offs supposed sure prospects sure-prospect equivalent theory of games tion toss utility curve value of pay-offs wins the election zero