Abstract
Of late, probability subjectivism was resuscitated by the development of statistical decision theory. In the decision model, which is briefly described in the paper, the knowledge of a probability distribution over the states of nature plays a decisive role. What sources of probability knowledge are legitimate, or at all possible, is the main point at issue. Different definitions, evaluations, and foundations of probability are narrated, discussed, and weighed against each other. The typical research strategy of the statistician is set against axiomatics of subjective or mathematical probability. Finally, the epistemological roots of the probability concept are located by the author in what he calls the “etiality principle”.
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Menges, G. On subjective probability and related problems. Theor Decis 1, 40–60 (1970). https://doi.org/10.1007/BF00132452
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DOI: https://doi.org/10.1007/BF00132452