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Lectures on Inductive Logic$
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Jon Williamson

Print publication date: 2017

Print ISBN-13: 9780199666478

Published to Oxford Scholarship Online: March 2017

DOI: 10.1093/acprof:oso/9780199666478.001.0001

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(p.167) 9 Justification
Lectures on Inductive Logic

Jon Williamson

Oxford University Press

Chapter 9 presents a formal justification of the objective Bayesian approach. The norms of objective Bayesianism are justified on the grounds that they must hold if one is to avoid certain avoidable losses. In particular, they must hold if one is to avoid avoidable sure loss and worst-case expected loss. This line of justification is shown to be robust with respect to various ways in which the underlying assumptions might be relaxed.

Keywords:   Hume’s problem, Dutch book argument, minimax theorem, worst-case expected loss

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