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The Justification of Induction

Published online by Cambridge University Press:  01 April 2022

R. D. Rosenkrantz
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Abstract

We show there is only one consistent way to update a probability assignment, that given by Bayes's rule. The price of inconsistent updating is a loss of efficiency. The implications of this for the problem of induction are discussed.

Type
Research Article
Information
Philosophy of Science , Volume 59 , Issue 4 , December 1992 , pp. 527 - 539
Copyright
Copyright © 1992 by the Philosophy of Science Association

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Footnotes

†

An earlier version of this paper was read at a Symposium on Probabilistic Epistemology (with Brian Skyrms and Richard Jeffrey) at the Pacific Meetings of the A. P. A. (March 1989).

‡

Send reprint requests to the author, 11 H Woodhaven, White River Jct., VT 05001, USA.

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