A response to Maudlin on credence and chance [a-response-to-maudlin-on-credence-and-chance]

Credence - and chance - without numbers (and with the Euclidean property) is a philosophy paper by Tim Maudlin. In it, Maudlin discusses the closely related notions of _credence_, the subjective likelyhood that a specific agent associates to some outcome, and _chance_, the objective likelyhood that the event happens. He argues that

  • The traditional approach of measuring these outcomes with numbers is wrong, but
  • this shouldn't trouble us too much, because we can do a lot without them.

As it happens, I have my own serious reservations about the traditional measure-theoretic formulation of probability (due to Kolmogoro). By I still think this paper is more or less terrible. Maudlin displays a Wikipedia-level understanding of the paradoxes surrounding infinity in probability theory. His proposed solution amounts to enumerating a list of properties that an agent's system of credence should satisfy, and arguing that these axioms suffice for the things we usually want to do with "subjective degree of belief". This is actually fine such as it is, but his description of this is also seriously lacking.

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