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- Hermann Vetter (1969). Logical Probability, Mathematical Statistics, and the Problem of Induction. Synthese 20 (1):56 - 71.
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Many philosophers argue that Bayesian epistemology cannot help us with the traditional Humean problem of induction. I argue that this view is partially but not wholly correct. It is true that Bayesianism does not solve Hume’s problem, in the way that the classical and logical theories of probability aimed to do. However I argue that in one important respect, Hume’s sceptical challenge cannot simply be transposed to a probabilistic context, where beliefs come in degrees, rather than being a yes/no matter.
This article argues that a successful answer to Hume's problem of induction can be developed from a sub-genre of philosophy of science known as formal learning theory. One of the central concepts of formal learning theory is logical reliability: roughly, a method is logically reliable when it is assured of eventually settling on the truth for every sequence of data that is possible given what we know. I show that the principle of induction (PI) is necessary and sufficient for logical reliability in what I call simple enumerative induction. This answer to Hume's problem rests on interpreting PI as a normative claim justified by a non-empirical epistemic means-ends argument. In such an argument, a rule of inference is shown by mathematical or logical proof to promote a specified epistemic end. Since the proof concerning PI and logical reliability is not based on inductive reasoning, this argument avoids the circularity that Hume argued was inherent in any attempt to justify PI.
After explaining the well-known two-envelope paradox by indicating the fallacy involved, we consider the two-envelope problem of evaluating the factual information provided to us in the form of the value contained by the envelope chosen first. We try to provide a synthesis of contributions from economy, psychology, logic, probability theory (in the form of Bayesian statistics), mathematical statistics (in the form of a decision-theoretic approach) and game theory. We conclude that the two-envelope problem does not allow a satisfactory solution. An interpretation is made for statistical science at large.
One hears increasingly from philosophers that statistical inference is a technical study that is well in control by statisticians and should be left to them; and one hears, increasingly, from mathematical statisticians that all this talk about interpretations of probability is so much philosophical frosting that is utterly irrelevant to the serious business of producing mathematical statistics. "The more interpretations of probability there are, the wider the scope of applications of our purely mathematical theories." The point of this paper is to present, in detail, a situation in which an individual with given degrees of belief, given evidence, and given values, will have three different and contrary courses of action recommended to him, each according to one of the three most popular interpretations of probability.
After explaining the well-known two-envelope 'paradox' by indicating the fallacy involved, we consider the two-envelope 'problem' of evaluating the 'factual' information provided to us in the form of the value contained by the envelope chosen first. We try to provide a synthesis of contributions from economy, psychology, logic, probability theory (in the form of Bayesian statistics), mathematical statistics (in the form of a decision-theoretic approach) and game theory. We conclude that the two-envelope problem does not allow a satisfactory solution. An interpretation is made for statistical science at large.
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With this treatise, an insightful exploration of the probabilistic connection between philosophy and the history of science, the famous economist breathed new life into studies of both disciplines. Originally published in 1921, this important mathematical work represented a significant contribution to the theory regarding the logical probability of propositions. Keynes effectively dismantled the classical theory of probability, launching what has since been termed the “logical-relationist” theory. In so doing, he explored the logical relationships between classifying a proposition as “highly probable” and as a “justifiable induction.” Unabridged republication of the classic 1921 edition.
Writing on the justification of certain inductive inferences, the author proposes that sometimes induction is justified and that arguments to prove otherwise are not cogent. In the first part he examines the problem of justifying induction, looks at some attempts to prove that it is justified, and responds to criticisms of these proofs. In the second part he deals with such topics as formal logic, deductive logic, the theory of logical probability, and probability and truth.
While philosophers have studied probability and induction, statistics has not received the kind of philosophical attention mathematics and physics have. Despite increasing use of statistics in science, statistical advances have been little noted in the philosophy of science literature. This paper shows the relevance of statistics to both theoretical and applied problems of philosophy. It begins by discussing the relevance of statistics to the problem of induction and then discusses the reasoning that leads to causal generalizations and how statistics elucidates the structure of science as it is actually practiced. In addition to being relevant for building an adequate theory of scientific inference, it is argued that statistics provides a link between philosophy, science and public policy.
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