Principle of indifference (16TH CENTURY).
The fundamental principle of statistical theory that unless there is a reason for believing otherwise, each possible event should be regarded as equally likely.
In this crude form, the principle leads to paradoxes because we can group the alternatives in different ways: the next flower I meet might be blue or red, so its being blue has a probability of one-half; but it also might be blue or crimson or scarlet, so the probability of blue is only one-third).
Evidently we require not mere absence of knowledge of reasons favoring one alternative over another, but knowledge of the absence of such reasons. But this may be hard to achieve, even in apparently symmetrical cases like the outcomes of throwing a die; for example, what do we do about the possibility of its standing on edge, or the fact that the paint on the ‘six’ side will be heavier than on the ‘one’ side?
Also see: propensity theory of probability
Source:
W C Kneale, Probability and Induction (1949), p.31, 34
Table of Contents
- 1 Videos
- 2 Related Products
- 2.1 Failure Models Derived Through the Indifference Principle (UCB-ENG-8293)
- 2.2 Savage (Songs from a Broken World)
- 2.3 Ancient Roads From Christ to Constantine
- 2.4 Big Pharma: Market Failure
- 2.5 The opposite of love is not hate, it's indifference. -Elie Wiesel: Lined Gift Notebook With Unique Touch | Journal | Lined Premium 120 Pages |love Quotes|
- 2.6 The Ethics of Ambiguity
- 2.7 Principles of corporate finance (McGraw-Hill series in finance)
- 2.8 Fordlandia: The Rise and Fall of Henry Ford's Forgotten Jungle City
- 2.9 An Introduction to the Principles of Morals and Legislation
- 2.10 Foundations of Economics: A Beginner's Companion
- plenitude principle
- range theories of probability
- impossibility of a gambling system principle
- limited independent variety principle
- confirmation principle
Videos
Failure Models Derived Through the Indifference Principle (UCB-ENG-8293)
- Richard Barlow (Author)
- 03/29/1996 (Publication Date) - PN (Publisher)
Savage (Songs from a Broken World)
- Gary Numan- Savage (Songs From A Broken World)
- Audio CD – Audiobook
- BMG Rights Management (UK) Ltd (Publisher)
Ancient Roads From Christ to Constantine
- . (Actor)
- . (Director)
- English (Publication Language)
- Audience Rating: NR (Not Rated)
Big Pharma: Market Failure
- Amazon Prime Video (Video on Demand)
- Gerald Friedman, Donald Light, Wendell Potter (Actors)
- Vincent Mondillo (Director) - Richard Master (Producer)
- English (Playback Language)
- English (Subtitle)
The Ethics of Ambiguity
- Amazon Kindle Edition
- de Beauvoir, Simone (Author)
- English (Publication Language)
- 164 Pages - 05/08/2018 (Publication Date) - Open Road Media (Publisher)
Principles of corporate finance (McGraw-Hill series in finance)
- Hardcover Book
- Brealey, Richard A (Author)
- English (Publication Language)
- 794 Pages - 03/29/1981 (Publication Date) - McGraw-Hill (Publisher)
Fordlandia: The Rise and Fall of Henry Ford's Forgotten Jungle City
- Amazon Kindle Edition
- Grandin, Greg (Author)
- English (Publication Language)
- 436 Pages - 04/27/2010 (Publication Date) - Metropolitan Books (Publisher)
An Introduction to the Principles of Morals and Legislation
- Bentham, Jeremy (Author)
- English (Publication Language)
- 292 Pages - 03/05/2015 (Publication Date) - CreateSpace Independent Publishing Platform (Publisher)
Foundations of Economics: A Beginner's Companion
- Routledge
- Yanis Varoufakis (Author)
- English (Publication Language)
- 424 Pages - 06/18/1998 (Publication Date) - Routledge (Publisher)
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