Abstract

In this collection the authors have attempted to bring together a number of the essential papers in the subjective interpretation of probability theory; several of them—Borel's "Apropos of a theory on probability" and de Finetti's "Foresight: its logical laws, its subjective sources"—have never appeared before in English. Other articles include Venn's pioneering study as well as the more recent work of Ramsey, Koopman, and Savage. The editors provide an introduction which presents the three basic elements of any subjectivistic theory: probability as degree of belief, the coherence of beliefs of an individual, and the notion of exchangeable events. A bibliography includes references to virtually all the more important works in subjective probability, with special emphasis on the development of the mathematical side of the theory. This anthology belongs on the shelf of any philosopher concerned with inductive logic, statistical inference, or the foundations of probability theory.—P. J. M.