## Uncertainty and expectations in economics: essays in honour of G. L. S. ShackleGeorge Lennox Sharman Shackle, Charles Frederick Carter, J. L. Ford |

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### Contents

An Optimality Criterion for Decisionmaking under Ignorance | 1 |

or the Making of Business Decisions | 30 |

On the Theory of Bargaining | 43 |

Copyright | |

11 other sections not shown

### Common terms and phrases

action adaptive expectations alternative analysis applied argument assets assume bargaining process behaviour bilateral monopoly capital choice coefficient concept conflict cost-benefit analysis crime crisis curve decision problem decision-making defined degree determine Distributed Lags econometric elements equation error estimates example expected value fact factors focus gain focus loss forecasting future G. L. S. Shackle given growth Hicksian income inflation input inquiry interest rates interval estimates investment involved L. J. Savage lag distributions Malkiel mathematical measure Meiselman hypothesis ment normal range objective one-year rates optimal orders outcome period possible potential answers production Professor Shackle profit question rate of interest rational regarded relevant risk risk aversion settled assumptions Shackle's situation social statistical strategy Structure of Interest subjective probability Suppose term structure theory of games tion trading revenue uncertainty uncertainty variable variables yield yield curve