Question: The chapter proposes probability theory as the basis for reasoning under uncertainty and provides one argument based on work by de Finetti. Compare and contrast

The chapter proposes probability theory as the basis for reasoning under uncertainty and provides one argument based on work by de Finetti. Compare and contrast de Finetti’s argument with other arguments by Ramsey, Cox, Savage, Jeffrey, and Jaynes (see the historical and bibliographical notes for references). Also consider any rebuttals you can find.

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All offer arguments premised on an individual making bets proportional to their degree of belief Ramsey 1931 introduced the terminology of degrees of ... View full answer

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