This paper has three interdependent aims. The first is to make Reichenbach’s views on induction and probabilities clearer, especially as they pertain to his pragmatic justification of induction. The second aim is to show how his view of pragmatic justification arises out of his commitment to extensional empiricism and moots the possibility of a non-pragmatic justification of induction. Finally, and most importantly, a formal decision-theoretic account of Reichenbach’s pragmatic justification is offered in terms both of the minimax principle and the (...) dominance principle. (shrink)

I follow Hájek (Synthese 137:273–323, 2003c) by taking objective probability to be a function of two propositional arguments—that is, I take conditional probability as primitive. Writing the objective probability of q given r as P(q, r), I argue that r may be chosen to provide less than a complete and exact description of the world’s history or of its state at any time. It follows that nontrivial objective probabilities are possible in deterministic worlds and about the past. A very simple (...) chance–credence relation is also then natural, namely that reasonable credence equals objective probability. In other words, we should set our actual credence in a proposition equal to the proposition’s objective probability conditional on available background information. One advantage of that approach is that the background information is not subject to an admissibility requirement, as it is in standard formulations of the Principal Principle. Another advantage is that the “undermining” usually thought to follow from Humean supervenience can be avoided. Taking objective probability to be a two-argument function is not merely a technical matter, but provides us with vital flexibility in addressing significant philosophical issues. (shrink)

Dariusz Łukasiewicz has investigated in depth the “Argument from Chance” which argues that the data revealing chance in the world are incompatible with Divine Providence. Łukasiewicz agrees that these data undermine the traditional model of Providence—a fine-grained model in which every single detail is controlled by God—but maintains that they are not incompatible with a coarse-grained model—in which God leaves to chance many aspects of history (including some horrendous evils). Furthermore, Łukasiewicz provides independent reasons to prefer this coarse-grained model. Even (...) though I agree that a maximally fine-grained model is undermined by the scientific data, I argue that this is no sufficient reason to adopt a model as coarse-grained as Łukasiewicz’s. I propose a model of intermediate level of fine-grainedness which could avoid the drawbacks of both extremes, and seems to me to provide a more traditional approach to the problem of evil. (shrink)

Abstract It is shown that J. M. Keynes was the originator of what is called a weighted monetary value (WMV) approach to decision making under uncertainty and risk as opposed to either the expected monetary value (EMV) or subjective expected utility (SEU) approaches.

It is not only overtly probabilistic illatives like ‘makes it certain that’ but also apparently non-probabilistic ones like ‘therefore’ that have probabilistic import. Illatives like ‘therefore’ convey the meaning that the premise confers on the conclusion a probability not only greater than 0 but also greater than 1/2. But because they do not say whether that probability is equal to or less than 1, these illatives are appropriately called ‘neutral’.

In October 2009 I decided to stop doing philosophy. This meant, in particular, stopping work on the book that I was writing on the nature of probability. At that time, I had no intention of making my unfinished draft available to others. However, I recently noticed how many people are reading the lecture notes and articles on my web site. Since this draft book contains some important improvements on those materials, I decided to make it available to anyone who wants (...) to read it. That is what you have in front of you. The account of Laplace’s theory of probability in Chapter 4 is very different to what I said in my seminar lectures, and also very different to any other account I have seen; it is based on a reading of important texts by Laplace that appear not to have been read by other commentators. The discussion of von Mises’ theory in Chapter 7 is also new, though perhaps less revolutionary. And the final chapter is a new attempt to come to grips with the popular, but amorphous, subjective theory of probability. The material in the other chapters has mostly appeared in previous articles of mine but things are sometimes expressed differently here. I would like to say again that this is an incomplete draft of a book, not the book I would have written if I had decided to finish it. It no doubt contains poor expressions, it may contain some errors or inconsistencies, and it doesn’t cover all the theories that I originally intended to discuss. Apart from this preface, I have done no work on the book since October 2009. (shrink)

This paper is an effort to realize and explore the connections that exist between nonmonotonic logic and confirmation theory. We pick up one of the most wide-spread nonmonotonic formalisms – default logic – and analyze to what extent and under what adjustments it could work as a logic of induction in the philosophical sense. By making use of this analysis, we extend default logic so as to make it able to minimally perform the task of a logic of induction, having (...) as a result a system which we believe has interesting properties from the standpoint of theory of confirmation. It is for instance able to represent chains of inductive rules as well as to reason paraconsistently on the conclusions obtained from them. We then use this logic to represent some traditional ideas concerning confirmation theory, in particular the ones proposed by Carl Hempel in his classical paper "Studies in the Logic of Confirmation" of 1945 and the ones incorporated in the so-called abductive and hy-pothetico-deductive models. (shrink)