It is widely thought that chance should be understood in reductionist terms: claims about chance should be understood as claims that certain patterns of events are instantiated. There are many possible reductionist theories of chance, differing as to which possible pattern of events they take to be chance-making. It is also widely taken to be a norm of rationality that credence should defer to chance: special cases aside, rationality requires that one’s credence function, when conditionalized on the chance-making facts, should (...) coincide with the objective chance function. It is a shortcoming of a theory of chance if it implies that this norm of rationality is unsatisfiable. The primary goal of this paper is to show, on the basis of considerations concerning computability and inductive learning, that this shortcoming is more common than one would have hoped. (shrink)

In recent years, some authors have proposed quantitative measures of the coherence of sets of propositions. Such probabilistic measures of coherence (PMCs) are, in general terms, functions that take as their argument a set of propositions (along with some probability distribution) and yield as their value a number that is supposed to represent the degree of coherence of the set. In this paper, I introduce a minimal constraint on PMC theories, the weak stability principle, and show that any correct, coherent, (...) and complete PMC cannot satisfy it. As a matter of fact, the argument offered in this paper can be applied to any coherence theory that uses a priori procedures. I briefly explore some consequences of this fact. (shrink)