Is the degree of probability that an individual holds when betting on a particular outcome really so subjective that, as Frank Ramsey once argued, objective logical relations do not exist and that probability is 'the logic of partial belief'? This subjective interpretation of probability can be contrasted with an objective view by John Keynes, who argued instead that 'logical probabilities are conceived to be objective, logical relations between propositions (or sentences), and hence not to depend in any way upon belief'. Contrary to these opposing interpretations (and other ones as will be discussed in the book), probability (in relation to both objectivity and subjectivity) are neither possible (nor impossible) nor desirable (or undesirable) to the extent that the respective ideologues (on different sides) would like us to believe.
| ISBN-13: | 9781629486710 |
| ISBN-10: | 162948671X |
| Publisher: | Nova Science Publishers, Incorporated |
| Publication date: | 2014 |
| Edition description: | UK ed. |
| Pages: | 644 |
| Product dimensions: | Height: 8.75 Inches, Length: 5.75 Inches, Weight: 2.07675450804 Pounds, Width: 1.5 Inches |
| Author: | Peter Baofu |
| Language: | en |
| Binding: | Hardcover |
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