The Smith-Walley Interpretation of Subjective Probability: An Appreciation

Studia Logica 86 (2):343-350 (2007)
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Abstract

The right interpretation of subjective probability is implicit in the theories of upper and lower odds, and upper and lower previsions, developed, respectively, by Cedric Smith (1961) and Peter Walley (1991). On this interpretation you are free to assign contingent events the probability 1 (and thus to employ conditionalization as a method of probability revision) without becoming vulnerable to a weak Dutch book.

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10.1007/s11225-007-9064-7

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Carl Wagner
Duke University (PhD)

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References found in this work

Probability and the Art of Judgment.Richard C. Jeffrey - 1992 - New York: Cambridge University Press.
Coherence and the axioms of confirmation.Abner Shimony - 1955 - Journal of Symbolic Logic 20 (1):1-28.
Probability and the Art of Judgement.Ernest W. Adams & Richard Jeffrey - 1993 - Journal of Philosophy 90 (3):154.

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