Imprecise Probabilities

[New Entry by Seamus Bradley on December 20, 2014.] It has been argued that imprecise probabilities are a natural and intuitive way of overcoming some of the issues with orthodox precise
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[New Entry by Seamus Bradley on December 20, 2014.] It has been argued that imprecise probabilities are a natural and intuitive way of overcoming some of the issues with orthodox precise probabilities. Models of this type have a long pedigree, and interest in such models has been growing in recent years. This article introduces the theory of imprecise probabilities, discusses the motivations for their use and their possible advantages over the standard precise model. It then discusses some philosophical issues raised by this model....

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News source: Stanford Encyclopedia of Philosophy

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