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Subjective Probabilities as Basis for Scientific Reasoning? Franz Huber forthcoming in: The British Journal for the Philosophy of ScienceABSTRACTBayesianism is the position that scientific reasoning
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To fill out citations of subjective probabilities, follow these steps:
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Start by stating the event or hypothesis for which you are assigning a subjective probability.
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Assign a numerical value between 0 and 1 to represent the subjective probability of each outcome.
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Justify your assigned probabilities by providing reasoning or evidence to support your judgment.
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Ensure that the assigned probabilities sum up to 1, indicating complete uncertainty about the outcome.
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Document your citations by including the event/hypothesis, the range of outcomes, assigned probabilities, and any supporting justifications in a clear and organized manner.
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Citations of subjective probabilities refer to the documentation or reports that include individuals' or entities' assessments of the likelihood of certain outcomes based on their judgment, rather than objective data.
Typically, entities or individuals involved in certain regulatory or statistical assessments may be required to file citations of subjective probabilities, especially in contexts like finance, insurance, or research.
To fill out citations of subjective probabilities, one should provide their assessed probabilities for various outcomes, including the rationale behind these assessments, and adhere to any specific format or guidelines set forth by the governing body.
The purpose of citations of subjective probabilities is to document and communicate individual or subjective assessments of uncertainty, enabling better decision-making and transparency in fields requiring statistical analysis.
The information that must be reported typically includes the assessed probabilities, the assumptions made, the context of the assessment, and any relevant qualitative information supporting the probability estimates.
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