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nydus/The Logic of Chance, 3rd EditionPublic

This work examines the physical foundations of probability by analyzing the formation and behavior of statistical series. It explores the nature of laws of error, the processes of causation, and the empirical methods required to establish and prove probabilistic data.

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Table of Contents

THE SUBJECTIVE SIDE OF PROBABILITY. MEASUREMENT OF BELIEF.

Now when we bear in mind that these two classes of words are in their origin perfectly distinct;—the one denoting simply events of a certain character; the other, though also denoting events, connoting simply states of mind;—and yet that they are universally applied to the same events, so as to be used as perfectly synonymous, we have in this a striking illustration of the two sides under which Probability may be viewed, and of the universal recognition of a close connection between them. The words are popularly used as synonymous, and we must not press their meaning too far; but if it were to be observed, as I am rather inclined to think it could, that the application of the words which denote mental states is wider than that of the others, we should have an illustration of what has been already observed, viz.[** TN: space] that the province of Probability is not so extensive as that over which variation of belief might be observed. Probability only considers the case in which this variation is brought about in a certain definite statistical way.

§ 34. It will be found in the end both interesting and important to have devoted some attention to this subjective

side of the question. In the first place, as a mere speculative inquiry the quantity of our belief of any proposition deserves notice. To study it at all deeply would be to trespass into the province of Psychology, but it is so intimately connected with our own subject that we cannot avoid all reference to it. We therefore discuss the laws under which our expectation and surprise at isolated events increases or diminishes, so as to account for these states of mind in any individual instance, and, if necessary, to correct them when they vary from their proper amount.

But there is another more important reason than this. It is quite true that when the subjects of our discussion in any particular instance lie entirely within the province of Probability, they may be treated without any reference to our belief. We may or we may not employ this side of the question according to our pleasure. If, for example, I am asked whether it is more likely that A. B. will die this year, than that it will rain to-morrow, I may calculate the chance (which really is at bottom the same thing as my belief) of each, find them respectively, one-sixth and one-seventh, say, and therefore decide that my ‘expectation’ of the former is the greater, viz.[** TN: space] that this is the more likely event. In this case the process is precisely the same whether we suppose our belief to be introduced or not; our mental state is, in fact, quite immaterial to the question. But, in other cases, it may be different. Suppose that we are comparing two things, of which one is wholly alien to Probability, in the sense that it is hopeless to attempt to assign any degree of numerical frequency to it, the only ground they have in common may be the amount of belief to which they are respectively entitled. We cannot compare the frequency of their occurrence, for one may occur too seldom to judge by, perhaps it may be unique. It has been already

said, that our belief of many events rests upon a very complicated and extensive basis. My belief may be the product of many conflicting arguments, and many analogies more or less remote; these proofs themselves may have mostly faded from my mind, but they will leave their effect behind them in a weak or strong conviction. At the time, therefore, I may still be able to say, with some degree of accuracy, though a very slight degree, what amount of belief I entertain upon the subject. Now we cannot compare things that are heterogeneous: if, therefore, we are to decide between this and an event determined naturally and properly by Probability, it is impossible to appeal to chances or frequency of occurrence. The measure of belief is the only common ground, and we must therefore compare this quantity in each case. The test afforded will be an exceedingly rough one, for the reasons mentioned above, but it will be better than none; in some cases it will be found to furnish all we want.

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