On the existence of the true value of a probability. Part I: Determinism versus aleatorism

Alberto H. Landro

No 457, CEMA Working Papers: Serie Documentos de Trabajo. from Universidad del CEMA

Abstract: Objetivist models are based on the deterministic hypothesis that postulates the existence of probability, which is cognoscible only in an asymptotic manner. On the other hand, subjectivist models consider the aleatoristic hypothesis according to which there is no truth about probability. However, both hypotheses may only be compared through stochastic models, which are not strictly falsifiable. Therefore, neither the hypothesis stating the existence of a true value regarding the probability of occurrence of an event nor de Finetti´s postulate which sustains that “probability does not exist” are strictly verifiable.

Pages: pages 19
Date: 2011-07
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Persistent link: https://EconPapers.repec.org/RePEc:cem:doctra:457

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