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Beliefs And Probabilities: The Errors That Remain Are Mine Alone, Kevin M. Clermont
Beliefs And Probabilities: The Errors That Remain Are Mine Alone, Kevin M. Clermont
Cornell Law Faculty Publications
Imagine that the preface to a professor’s book implicitly asserts that all the propositions in the rest of his or her book are true, but explicitly acknowledges that experience would suggest some errors remain among those propositions. The prof thereby seems paradoxically to believe inconsistent statements. But in fact this famous preface paradox is an illusion. The first statement is a belief reflecting epistemic uncertainty, while the second is a probabilistic statement about aleatory uncertainty. If one were to convert the probability into a belief, one would see that the author rationally holds perfectly consistent beliefs.
Likewise the lottery paradox …