Intuition and surprise
Michael Powers ()
Journal of Risk Finance, 2007, vol. 8, issue 5, 429-433
Purpose - This editorial seeks to address the importance of intuition and metaphor in the construction of logical systems of thought. Design/methodology/approach - Two unconventional approaches to probability theory are considered, one based upon the non-intuitive law of the excluded middle, and one based upon the notion of surprise. Findings - It is argued that formal systems based upon non-intuitive assumptions/axioms are generally less likely to be accepted by researchers. Nevertheless, it sometimes is possible to identify unconventional systems with greater intuitive appeal than their more orthodox counterparts. Originality/value - The editorial emphasizes an aspect of formal mathematical systems – intuition – that is often overlooked.
Keywords: Intuition; Probability theory (search for similar items in EconPapers)
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