Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/983
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Fuzzy logic and Keynes's speculative demand for money
Authors: Dow, Sheila
Ghosh, Dipak
Contact Email: dipak.ghosh@stir.ac.uk
Keywords: Fuzzy logic
liquidity preference
diversity of opinion
Issue Date: Mar-2009
Publisher: Routledge (of Taylor & Francis)
Citation: Dow S & Ghosh D (2009) Fuzzy logic and Keynes's speculative demand for money, Journal of Economic Methodology, 16 (1), pp. 57-69.
Abstract: The purpose of the paper is to explore the potential for using fuzzy logic to analyse economic decision-making under Keynesian uncertainty, and in particular in circumstances where variety of opinion is important. Fuzzy logic is shown to apply where expectations may differ because the nature of the subject matter impedes any ‘crisp’ way of describing the underlying variables. The particular case of the speculative demand for money is considered, since it explicitly reflects variety of opinion as to whether interest rates are ‘high’ o
Type: Journal Article
URI: http://hdl.handle.net/1893/983
DOI Link: http://dx.doi.org/10.1080/13501780802684260
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
Economics

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