Philosophical Foundations of Probability Theory

The book "Philosophical Foundations of Probability Theory" explores the different philosophical theories of probability, including the Classical Theory, A Priori Theory, Relative Frequency Theory, and Subjectivist Theory, and examines their assumptions and implications. It is an essential read for scholars and researchers of Philosophy.

Format: Hardback
Length: 296 pages
Publication date: 30 May 2022
Publisher: Taylor & Francis Ltd

First published in 1982, Philosophical Foundations of Probability Theory delves into the diverse applications of the concept in our daily lives and explores the competing theories that aim to explain these uses. It provides a comprehensive critical examination of the major philosophical theories of probability, paying particular attention to the metaphysical and epistemological assumptions and implications of each. The Classical Theory posits probability as the ratio of favorable cases to all equi-possible cases, which is widely accepted by gamblers and non-specialists alike. In contrast, the A Priori Theory defines probability as a logical relation between statements based on evidence. The Relative Frequency theories locate probability in the realm of empirical rates of occurrence in the real world, while the Subjectivist Theory associates probability with the degree of belief in a proposition held by an individual. Each of these theories is analyzed in depth, with running examples and parallel analyses used to bring coherence to the treatment. The final chapter summarizes the main points and presents the authors' conclusions. This book is a vital resource for scholars and researchers in the field of Philosophy.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032308500