The Twentieth Century has seen a dramatic rise in the use of probability and statistics in almost all fields of research. This has stimulated many new philosophical ideas on probability. _Philosophical Theories of Probability_ is the first book to present a clear, comprehensive and systematic account of these various theories and to explain how they relate to one another. Gillies also offers a distinctive version of the propensity theory of probability, and the intersubjective interpretation, which develops the subjective theory.

Kolmogorov''s axiomatization of probability includes the familiarratio formula for conditional probability: 0).$$ " align="middle" border="0">.

The classical interpretation of probability together with the principle of indifference is formulated in terms of probability measure spaces in which the probability is given by the Haar measure. A notion called labelling invariance is defined in the category of Haar probability spaces; it is shown that labelling invariance is violated, and Bertrand’s paradox is interpreted as the proof of violation of labelling invariance. It is shown that Bangu’s attempt to block the emergence of Bertrand’s paradox by requiring the re-labelling (...) of random events to preserve randomness cannot succeed non-trivially. A non-trivial strategy to preserve labelling invariance is identified, and it is argued that, under the interpretation of Bertrand’s paradox suggested in the paper, the paradox does not undermine either the principle of indifference or the classical interpretation and is in complete harmony with how mathematical probability theory is used in the sciences to model phenomena. It is shown in particular that violation of labelling invariance does not entail that labelling of random events affects the probabilities of random events. It also is argued, however, that the content of the principle of indifference cannot be specified in such a way that it can establish the classical interpretation of probability as descriptively accurate or predictively successful. 1 The Main Claims2 The Elementary Classical Interpretation of Probability3 The General Classical Interpretation of Probability in Terms of Haar Measures4 Labelling Invariance and Labelling Irrelevance5 General Bertrand’s Paradox6 Attempts to Save Labelling Invariance7 Comments on the Classical Interpretation of Probability. (shrink)

The Borel–Kolmogorov Paradox is typically taken to highlight a tension between our intuition that certain conditional probabilities with respect to probability zero conditioning events are well defined and the mathematical definition of conditional probability by Bayes’ formula, which loses its meaning when the conditioning event has probability zero. We argue in this paper that the theory of conditional expectations is the proper mathematical device to conditionalize and that this theory allows conditionalization with respect to probability zero events. The conditional probabilities (...) on probability zero events in the Borel–Kolmogorov Paradox also can be calculated using conditional expectations. The alleged clash arising from the fact that one obtains different values for the conditional probabilities on probability zero events depending on what conditional expectation one uses to calculate them is resolved by showing that the different conditional probabilities obtained using different conditional expectations cannot be interpreted as calculating in different parametrizations of the conditional probabilities of the same event with respect to the same conditioning conditions. We conclude that there is no clash between the correct intuition about what the conditional probabilities with respect to probability zero events are and the technically proper concept of conditionalization via conditional expectations—the Borel–Kolmogorov Paradox is just a pseudo-paradox. (shrink)

In the philosophy of probability there are two central questions we are concerned with. The first is: what is the correct formal theory of probability? Orthodoxy has it that Kolmogorov’s axioms are the correct axioms of probability. However, we shall see that there are good reasons to consider alternative axiom systems. The second central question is: what do probability statements mean? Are probabilities “out there”, in the world as frequencies, propensities, or some other objective feature of reality, or are probabilities (...) “in the head”, as subjective degrees of belief? We will survey some of the answers that philosophers, mathematicians and physicists have given to these questions. (shrink)