subjective

Subjective degree of belief

hauke's picture

We have seen in The logical view: probability as objective degree of belief that "logical" probability, defined as a degree of belief which it is rational and objective to hold given the available evidence, can give rise to some contradictory results. However, in the 1920s Frank Ramsey in Cambridge [1] and Bruno de Finetti in Italy [2] independently proposed a radically different interpretation of probability which avoids these paradoxes by asserting that probability is a subjective degree of belief.


References

  1. Truth and Probability, Frank Ramsey , The Foundations of Mathematics and other Logical Essays, London, (1926)
  2. Probabilism (English translation, 1989), Bruno de Finetti , Erkenntnis, Volume 31, p.169-223, (1931)
Syndicate content