To infer the state of a cause from the states of its effects, independent lines of evidence are preferable to dependent ones. This familiar idea is here investigated, the goal being to identify its presuppositions. Connections are drawn with Reichenbach's (1956) and Salmon's (1984) discussions of the principle of the common cause.

The purpose of this paper is to discuss the role of financial practice in the development of mathematics as applied in human judgement. The basis of the paper is in historical research from the 1990s that argues that the monetisation of western commerce, which abstracted value into quantified price, was synthesised with scholastic analysis resulting in a “mathematical mechanistic world picture” that led to the widespread use of mathematics in science from the seventeenth century. An aspect of this process was (...) the quantification of chance that led to the development of mathematical probability, the branch of mathematics most relevant to judgement and the focus of this paper. Ideas from this historical research are related to the fundamental theorem of asset pricing, the foundational theory of contemporary financial mathematics. The paper observes that vestiges of medieval scholastic attitudes to financial ethics can be discerned in the FTAP, offering a novel interpretation of the mathematical theorem. The paper then considers the Dutch book argument, the most popular justification for subjective probability. The paper’s main contribution is in describing the significance of financial practice in validating the DBA and the paper explains how the FTAP addresses some criticisms of how the DBA represents beliefs. The conclusions emphasise the distinction between pure and practical reasoning and that this should be mirrored in a distinction between the mathematics of physica and practica. This point is important as mathematics is becoming more widespread in modelling, and directing, social systems. (shrink)

Some of the problem areas in which British philosophers of science have recently been engaged are described and some of the major contributions noted. Two sets of problems are given special attention: one concerned with the analysis of probability statements and one concerned with the appraisal of scientific theories. Three traditions in the approach to this second set of problems are distinguished. These might be called the Carnapian, the Popperian and the Wittgensteinian traditions.

The goal of this paper is to provide a detailed reading of John Venn's Logic of Chance as a work of logic or, more specifically, as a specific portion of the general system of so-called ‘material’ logic developed in his Principles of Empirical or Inductive Logic and to discuss it against the background of his Boolean-inspired views on the connection between logic and mathematics. It is by means of this situating of Venn 1866 [The Logic of Chance. An Essay on (...) the Foundations and Province of the Theory of Probability. With Especial Reference to Its Application to Moral and Social Science, London: Macmillan] within the entirety of his oeuvre that it becomes both possible to revisit and necessary to re-articulate its place in the history of the frequency interpretation of probability. For it is clear that if Venn's approach to logic not only allowed him to establish its foundations on the basis of a process of idealization and define it as consisting of so-called hypothetical infinite series, bu.. (shrink)

The physiologist and neo-Kantian philosopher Johannes von Kries (1853-1928) wrote one of the most philosophically important works on the foundation of probability after P.S. Laplace and before the First World War, his Principien der Wohrscheinlich-keitsrechnung (1886, repr. 1927). In this book, von Kries developed a highly original interpretation of probability, which maintains it to be both logical and objectively physical. After presenting his approach I shall pursue the influence it had on Ludwig Wittgenstein and Friedrich Waismann. It seems that von (...) Kries's approach had more potential than recognized in his time and that putting Waismann's and Wittgenstein's early work in a von Kries perspective is able to shed light on the notion of an elementary proposition. (shrink)