Subjective Probability

Famous quotes containing the words subjective and/or probability:

“The difference between objective and subjective extension is one of relation to a context solely.”
—William James (1842–1910)

“The source of Pyrrhonism comes from failing to distinguish between a demonstration, a proof and a probability. A demonstration supposes that the contradictory idea is impossible; a proof of fact is where all the reasons lead to belief, without there being any pretext for doubt; a probability is where the reasons for belief are stronger than those for doubting.”
—Andrew Michael Ramsay (1686–1743)