The Smith-Walley Interpretation of Subjective Probability: An Appreciation |
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| Authors: | Carl G. Wagner |
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| Affiliation: | (1) Department of Mathematics, The University of Tennessee, Knoxville, TN, 37996-1300, U.S.A |
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| Abstract: | The right interpretation of subjective probability is implicit in the theories of upper and lower odds, and upper and lower previsions, developed, respectively, by Cedric Smith (1961) and Peter Walley (1991). On this interpretation you are free to assign contingent events the probability 1 (and thus to employ conditionalization as a method of probability revision) without becoming vulnerable to a weak Dutch book. Special Issue Formal Epistemology I. Edited by Branden Fitelson |
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| Keywords: | Dutch book coherence strict coherence subjective probability probability kinematics |
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