To clarify and illuminate the place of probability in science Ellery Eells and James H. Fetzer have brought together some of the most distinguished philosophers ...

The ontology of decision theory has been subject to considerable debate in the past, and discussion of just how we ought to view decision problems has revealed more than one interesting problem, as well as suggested some novel modifications of classical decision theory. In this paper it will be argued that Bayesian, or evidential, decision-theoretic characterizations of decision situations fail to adequately account for knowledge concerning the causal connections between acts, states, and outcomes in decision situations, and so they are (...) incomplete. Second, it will be argues that when we attempt to incorporate the knowledge of such causal connections into Bayesian decision theory, a substantial technical problem arises for which there is no currently available solution that does not suffer from some damning objection or other. From a broader perspective, this then throws into question the use of decision theory as a model of human or machine planning. (shrink)

My purpose here is to elaborate the reasons I maintain that Salmon has not been completely successful in reporting the history of work on explanation. The most important limitation of his account is that it does not emphasize the critical necessity to embrace a suitable conception of probability in the development of the theory of probabilistic explanation.

I argue that to the extent to which philosophical theories of objective probability have offered theoretically adequateconceptions of objective probability (in connection with such desiderata as causal and explanatory significance, applicability to single cases, etc.), they have failed to satisfy amethodological standard — roughly, a requirement to the effect that the conception offered be specified with the precision appropriate for a physical interpretation of an abstract formal calculus and be fully explicated in terms of concepts, objects or phenomena understood independently (...) of the idea of physical probability. The significance of this, and of the suggested methodological standard, is then briefly discussed. (shrink)

Objective probability, or objective chance, is the probability of some event occurring in the future independent of what anyone thinks. This paper presents and defends a theory of objective chance. I develop an informal analysis of objective chance, taking the common sense picture underlying our talk about the likelihood of future events as our starting point. A formal semantics is introduced, and I argue that the theory presented satisfies certain criteria of adequacy for a theory of probability.

We propose an interpretation of physics named potentiality realism. This view, which can be applied to classical as well as to quantum physics, regards potentialities (i.e. intrinsic, objective propensities for individual events to obtain) as elements of reality, thereby complementing the actual properties taken by physical variables. This allows one to naturally reconcile realism and fundamental indeterminism in any theoretical framework. We discuss our specific interpretation of propensities, that require them to depart from being probabilities at the formal level, though (...) allowing for statistics and the law of large numbers. This view helps reconcile classical and quantum physics by showing that most of the conceptual problems that are customarily taken to be unique issues of the latter -- such as the measurement problem -- are actually in common to all indeterministic physical theories. (shrink)