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Original Article 


THE UNCERTAINTY PROBLEM IN ECONOMICS

Ercan ENÇ.

Cited By: 1

Abstract
General economic theories disregard the uncertainty. Traditional approachcs related with uncertainty, depending on Law of Large Numbers, assuming constant marginal utility and unability responding to complete Logical preference ordering rules is not available for solving the problem. The reason is ordinal utility approach. While in reality measurability of utility is proved; consequently adopting cardinal utility approach in the analysis will become the solution of the uncertainty problem.

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This Article Cited By the following articles

Estimating an optimal macroeconomic uncertainty index for Australia
Applied Economics 2022; 54(38): 4374.

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How to Cite this Article
Pubmed Style

Ercan ENC. [THE UNCERTAINTY PROBLEM IN ECONOMICS]. Ekonomik Yaklasim. 1998; 9(30): 5-20. Turkish. doi:10.5455/ey.10290


Web Style

Ercan ENC. [THE UNCERTAINTY PROBLEM IN ECONOMICS]. https://www.ekonomikyaklasim.org/?mno=155600 [Access: August 17, 2023]. Turkish. doi:10.5455/ey.10290


AMA (American Medical Association) Style

Ercan ENC. [THE UNCERTAINTY PROBLEM IN ECONOMICS]. Ekonomik Yaklasim. 1998; 9(30): 5-20. Turkish. doi:10.5455/ey.10290



Vancouver/ICMJE Style

Ercan ENC. [THE UNCERTAINTY PROBLEM IN ECONOMICS]. Ekonomik Yaklasim. (1998), [cited August 17, 2023]; 9(30): 5-20. Turkish. doi:10.5455/ey.10290



Harvard Style

Ercan ENC (1998) [THE UNCERTAINTY PROBLEM IN ECONOMICS]. Ekonomik Yaklasim, 9 (30), 5-20. Turkish. doi:10.5455/ey.10290



Turabian Style

Ercan ENC. 1998. [THE UNCERTAINTY PROBLEM IN ECONOMICS]. Ekonomik Yaklasim, 9 (30), 5-20. Turkish. doi:10.5455/ey.10290



Chicago Style

Ercan ENC. "[THE UNCERTAINTY PROBLEM IN ECONOMICS]." Ekonomik Yaklasim 9 (1998), 5-20. Turkish. doi:10.5455/ey.10290



MLA (The Modern Language Association) Style

Ercan ENC. "[THE UNCERTAINTY PROBLEM IN ECONOMICS]." Ekonomik Yaklasim 9.30 (1998), 5-20. Print.Turkish. doi:10.5455/ey.10290



APA (American Psychological Association) Style

Ercan ENC (1998) [THE UNCERTAINTY PROBLEM IN ECONOMICS]. Ekonomik Yaklasim, 9 (30), 5-20. Turkish. doi:10.5455/ey.10290





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