Role and meaning of subjective probability: some comments on common misconceptions

Details Role and meaning of subjective probability: some comments on common misconceptions Role and meaning of subjective probability: some comments on common misconceptions

2000-10-26

arxiv.org/abs/physics/0010064v1

Physics

Data Analysis, Statistics and Probability

9 pages, to appear in the proceedings of the XX International Workshop on Bayesian Inference and Maximum Entropy Methods in Sc

Scientific paper

10.1063/1.1381867

Criticisms of so called `subjective probability' come on the one hand from those who maintain that probability in physics has only a frequentistic interpretation, and, on the other, from those who tend to `objectivise' Bayesian theory, arguing, e.g., that subjective probabilities are indeed based `only on private introspection'. Some of the common misconceptions on subjective probability will be commented upon in support of the thesis that coherence is the most crucial, universal and `objective' way to assess our confidence on events of any kind.

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