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" For this theory employs a famous criterion called the principle of insufficient reason or the principle of indifference. According to this principle: // there is no known reason for predicating of our subject one rather than another of several alternatives,... "
A Treatise on Probability - 42. lappuse
autors: John Maynard Keynes - 1921 - 466 lapas
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Mineral Valuation

Henry Louis - 1923 - 304 lapas
...Indifference and which he defines * " A Treatise of Probability;' p. 42. in the following sentence : — " The principle of indifference asserts that if there...rather than another of several alternatives, then relative to such knowledge the assertions of each of these alternatives have an equal probability ;...
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The Essentials of Logic

Roy Wood Sellars - 1925 - 388 lapas
...this title be changed to that of 'The Principle of Indifference.' Keynes formulates it as follows: "If there is no known reason for predicating of our...of these alternatives have an equal probability." This is a sort of negative criterion for the application of probability to a field. In throwing coins,...
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The Essentials of Logic

Roy Wood Sellars - 1925 - 392 lapas
...this title be changed to that of 'The Principle of Indifference.' Keynes formulates it as follows: "If there is no known reason for predicating of our...of these alternatives have an equal probability." This is a sort of negative criterion for the application of probability to a field. In throwing corns,...
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An Introduction to Logic

Morris Raphael Cohen, Morris R. Cohen, Ernest Nagel - 1993 - 306 lapas
...principle of insufficient reason or the principle of indifference. According to this principle: // there is no known reason for predicating of our subject...each of these alternatives have an equal probability. And if there is no known reason for believing that two events are independent rather than dependent,...
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John Maynard Keynes: Critical Responses, 1. sējums

Charles Robert McCann - 1998 - 646 lapas
...reason, or, as Mr. Keynes prefers to call it, of indifference. In its traditional form, this principle "asserts that if there is no known reason for predicating...of these alternatives have an equal probability." This principle obviously requires limitation. Eg if A is an object about which we have no information...
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Philosophical Theories of Probability

Donald Gillies - 2000 - 246 lapas
...Principle of Nonsufficient Reason. Keynes gives the following preliminary statement of the principle: The Principle of Indifference asserts that if there...each of these alternatives have an equal probability. (Keynes 1921:42) Unfortunately the Principle of Indifference leads to a number of paradoxes, some of...
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F. P. Ramsey: Critical Reassessments

Maria Frapolli - 2004 - 274 lapas
...numerical measurements may be possible, we must be given a number of equally probable alternatives ... The Principle of Indifference asserts that if there...each of these alternatives have an equal probability. (1921,pp.41,42) Thus, if there are n such alternatives, the probability axioms determine that each...
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The Cambridge Companion to Keynes

Roger E. Backhouse, Bradley W. Bateman - 2006 - 291 lapas
...by Keynes the principle of indifference, and he gives the following statement of it (JMK VIII: 42): 'The Principle of Indifference asserts that if there...of these alternatives have an equal probability.' So, to take a simple example, if we have in front of us a standard die which appears to be fair, and...
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Expectation in Economics

168 lapas
...Non-sufficient Reason .... ' (This principle) asserts that if there is no known reason for predicating^" our subject one rather than another of several alternatives,...have an equal probability. Thus equal probabilities mv.st * If contingencies Ar(j] have probabilities Z[(j and there are n contingencies in n all, the...
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