In Bayesian epistemology, the problem of the priors is this: How should we set our credences (or degrees of belief) in the absence of evidence? That is, how should we set our prior or initial credences, the credences with which we begin our credal life? David Lewis liked to call an agent at the beginning of her credal journey a superbaby. The problem of the priors asks for the norms that govern these superbabies. -/- The Principle of Indifference gives a (...) very restrictive answer. It demands that such an agent divide her credences equally over all possibilities. That is, according to the Principle of Indifference, only one initial credence function is permissible, namely, the uniform distribution. In this paper, we offer a novel argument for the Principle of Indifference. I call it the Argument from Accuracy. (shrink)

Richard Pettigrew offers an extended investigation into a particular way of justifying the rational principles that govern our credences. The main principles that he justifies are the central tenets of Bayesian epistemology, though many other related principles are discussed along the way. Pettigrew looks to decision theory in order to ground his argument. He treats an agent's credences as if they were a choice she makes between different options, gives an account of the purely epistemic utility enjoyed by different sets (...) of credences, and then appeals to the principles of decision theory to show that, when epistemic utility is measured in this way, the credences that violate the principles listed above are ruled out as irrational. The account of epistemic utility set out here is the veritist's: the sole fundamental source of epistemic utility for credences is their accuracy. Thus, Pettigrew conducts an investigation in the version of epistemic utility theory known as accuracy-first epistemology. (shrink)

Among the various meanings in which the word ‘probability’ is used in everyday language, in the discussion of scientists, and in the theories of probability, there are especially two which must be clearly distinguished. We shall use for them the terms ‘probability1’ and ‘probability2'. Probability1 is a logical concept, a certain logical relation between two sentences ; it is the same as the concept of degree of confirmation. I shall write briefly “c” for “degree of confirmation,” and “c” for “the (...) degree of confirmation of the hypothesis h on the evidence e“; the evidence is usually a report on the results of our observations. On the other hand, probability2 is an empirical concept; it is the relative frequency in the long run of one property with respect to another. The controversy between the so-called logical conception of probability, as represented e.g. by Keynes, and Jeffreys, and others, and the frequency conception, maintained e.g. by v. Mises and Reichenbach, seems to me futile. These two theories deal with two different probability concepts which are both of great importance for science. Therefore, the theories are not incompatible, but rather supplement each other. (shrink)

This volume brings together a collection of essays on the history and philosophy of probability and statistics by one of the eminent scholars in these subjects. Written over the last fifteen years, they fall into three broad categories. The first deals with the use of symmetry arguments in inductive probability, in particular, their use in deriving rules of succession. The second group deals with four outstanding individuals who made lasting contributions to probability and statistics in very different ways: Frank Ramsey, (...) R. A. Fisher, Alan Turing, and Abraham de Moivre. The last group of essays deals with the problem of 'predicting the unpredictable' - making predictions when the range of possible outcomes is unknown in advance. The essays weave together the history and philosophy of these subjects and document the fascination that they have exercised for more than three centuries. (shrink)