Arbeitspapier

On the existence of the true value of a probability. Part 1: Determinism versus aleatorism

Objetivist models are based on the deterministic hypothesis that postulates the existence of probability, which is cognoscible only in an asymptotic manner. On the other hand, subjectivist models consider the aleatoristic hypothesis according to which there is no truth about probability. However, both hypotheses may only be compared through stochastic models, which are not strictly falsifiable. Therefore, neither the hypothesis stating the existence of a true value regarding the probability of occurrence of an event nor de Finetti's postulate which sustains that probability does not exist are strictly verifiable.

Language
Englisch

Bibliographic citation
Series: Serie Documentos de Trabajo ; No. 457

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Landro, Alberto H.
Event
Veröffentlichung
(who)
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
(where)
Buenos Aires
(when)
2011

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Landro, Alberto H.
  • Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)

Time of origin

  • 2011

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