The Logic of Chance, 3rd edition: An Essay on the Foundations and Province of the Theory of Probability, With Especial Reference to Its Logical Bearings and Its Application to Moral and Social Science and to StatisticsVenn, John
Philosophy
The Logic of Chance, 3rd edition: An Essay on the Foundations and Province of the Theory of Probability, With Especial Reference to Its Logical Bearings and Its Application to Moral and Social Science and to Statistics
Venn, John
Chance; Logic, Symbolic and mathematical; Probabilities; Science -- Methodology
16. This example serves to bring out very clearly a point
which has been already mentioned, and which will have to be
insisted upon again, viz. that all which Probability discusses
is the statistical frequency of events, or, if we prefer so to
put it, the quantity of belief with which any one of these
events should be individually regarded, but leaves all the
subsequent conduct dependent upon that frequency, or that
belief, to the choice of the agents. Suppose there are two
travellers in the predicament in question: shall they keep
together, or separate in opposite directions? In either case
alike the chance of safety to each is the same, viz. one-half,
but clearly their circumstances must decide which course it
is preferable to adopt. If they are husband and wife, they will
probably prefer to remain together; if they are sole depositaries
of an important state secret, they may decide to part.
In other words, we have to select here between the two alternatives
of the certainty of a single loss, and the even chance
of a double loss; alternatives which the common mathematical
statement of their chances has a decided tendency
to make us regard as indistinguishable from one another.
But clearly the decision must be grounded on the desires,
feelings, and conscience of the agents. Probability cannot
say a word upon this question. As I have pointed out elsewhere,
there has been much confusion on this matter in
applications of the science to betting, and in the discussion
of the Petersburg problem.
We have thus examined the doctrine in question with
a minuteness which may seem tedious, but in consequence of
the eminence of its supporters it would have been presumptuous
to have rejected it without the strongest grounds. The
objections which have been urged might be summarised as
follows:--the amount of our belief of any given proposition,
supposing it to be in its nature capable of accurate determination
(which does not seem to be the case), depends upon a
great variety of causes, of which statistical frequency--the
subject of Probability--is but one. That even if we confine
our attention to this one cause, the natural amount of our
belief is not necessarily what theory would assign, but has to
be checked by appeal to experience. The subjective side of
Probability therefore, though very interesting and well deserving
of examination, seems a mere appendage of the objective,
and affords in itself no safe ground for a science of
inference.
Public-domain text, read in full here on John Shaqi.
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