de Finetti's theory of probability and its Jaynesian critique

K. Vela Velupillai

doi:10.1007/s40888-015-0005-z

de Finetti's theory of probability and its Jaynesian critique

K. Vela Velupillai

New School for Social Research

Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review

Abstract

Abstract For aesthetic, strategic and pragmatic reasons, Jaynes (Probability: The Logic of Science, Cambridge University Press, Cambridge, 2003, Appendix A) objects to Bruno de Finetti's founding of probability theory on the basis of the notion of coherence. In this paper an attempt is made to diffuse this critique, as well as to point out, briefly, that these, and the remarks on a variety of foundational issues in mathematics and metamathematics (op.cit, Appendix B) are misguided.

Original language	English
Article number	5
Pages (from-to)	85-95
Number of pages	11
Journal	Economia Politica
Volume	32
Issue number	1
DOIs	https://doi.org/10.1007/s40888-015-0005-z
Publication status	Published - 20 Apr 2015
Externally published	Yes

Keywords

Aesthetics
Betting
Coherence
Robot
Turing machine

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10.1007/s40888-015-0005-z

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AB - Abstract For aesthetic, strategic and pragmatic reasons, Jaynes (Probability: The Logic of Science, Cambridge University Press, Cambridge, 2003, Appendix A) objects to Bruno de Finetti's founding of probability theory on the basis of the notion of coherence. In this paper an attempt is made to diffuse this critique, as well as to point out, briefly, that these, and the remarks on a variety of foundational issues in mathematics and metamathematics (op.cit, Appendix B) are misguided.

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KW - Betting

KW - Coherence

KW - Robot

KW - Turing machine

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de Finetti's theory of probability and its Jaynesian critique

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Keywords

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