Seminar Details

Seminar Details


Monday

Oct 23

3:30 pm

De Finetti\'s Ultimate Failure

Krzysztof Burdzy

Seminar

University of Washington - Department of Mathematics

The most scientific and least controversial claim of de Finetti's subjective philosophy of probability is that the rules of Bayesian inference can be derived from a system of axioms for rational decision making that does not presuppose existence of probability. In fact, de Finetti's argument is fatally flawed. The error is irreparable. The slides in PowerPoint and PDF are available at
http://www.math.washington.edu/~burdzy/Philosophy/.