The mathematical implications of personal beliefs and values inscience and commerce
Amid a worldwide resurgence of interest in subjectivist statisticalmethod, this book offers a fresh look at the role of personaljudgments in statistical analysis. Frank Lad demonstrates howphilosophical attention to meaning provides a sensible assessmentof the prospects and procedures of empirical inferentiallearning.
Operational Subjective Statistical Methods offers a systematicinvestigation of Bruno de Finetti's theory of probability and...
The first book to present Bruno de Finetti's theory of probability and logic of uncertainty in a systematic format. The author identifies de Finetti's "fundamental theorem of coherent prevision" as the unifying structure of probabilistic logic, highlighting the judgment of exchangeability rather than causal independence as the key probabilistic component of statistical inference. Throughout the text, readers are invited to address the subjective personalistic meaning of probability...
FRANK LAD, PhD, is Senior Lecturer in Mathematics and Statistics at the University of Canterbury, Christchurch, New Zealand. He has worked on applied statistical problems in demography, economics, and zoology.
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