The Principle of Indifference (POI) is a rule for rationally assigning precise degrees of confidence to possibilities among which we have no reason to discriminate. Despite criticism of the principle stemming from Bertrand's paradox, many have recently come to the defense of POI or adopted some restricted version of that principle, especially in discussions of self-locating belief. I argue that POI in both unrestricted and restricted forms is untenable, and that arguments for the more restricted principles are hostage to problems (...) similar to those that bedevil arguments for traditional POI. (shrink)

The Principle of Indifference is a central element of the ‘classical’ conception of probability, but, for all its strong intuitive appeal, it is widely believed that it faces a devastating objection: the so-called (by Poincare´) ‘Bertrand paradoxes’ (in essence, cases in which the same probability question receives different answers). The puzzle has fascinated many since its discovery, and a series of clever solutions (followed promptly by equally clever rebuttals) have been proposed. However, despite the long-standing interest in this problem, an (...) important assumption, necessary for its generation, has been overlooked. My aim in this paper is to identify this assumption. Since what it claims turns out to be prima facie problematic, I will urge that the burden of proof now shifts to the objectors to PI; they have to provide reasons why this assumption holds. (shrink)

This article surveys several interrelated issues in the metaphysics of chance. First, what is the relationship between the probabilities associated with types of trials (for instance, the chance that a twenty‐eight‐year old develops diabetes before age thirty) and the probabilities associated with individual token trials (for instance, the chance that I develop diabetes before age thirty)? Second, which features of the the world fix the chances: are there objective chances at all, and if so, are there non‐chancy facts on which (...) they supervene? Third, can chance be reconciled with determinism, and if so, how? (shrink)

This is a series of lectures on formal decision theory held at the University of Bayreuth during the summer terms 2008 and 2009. It largely follows the book from Michael D. Resnik: Choices. An Introduction to Decision Theory, 5th ed. Minneapolis London 2000 and covers the topics: -/- Decisions under ignorance and risk Probability calculus (Kolmogoroff Axioms, Bayes' Theorem) Philosophical interpretations of probability (R. v. Mises, Ramsey-De Finetti) Neuman-Morgenstern Utility Theory Introductory Game Theory Social Choice Theory (Sen's Paradox of Liberalism, (...) Arrow's Theorem) . (shrink)