The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Probability

  • Ian Hacking
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1758

Abstract

Probability denotes a family of ideas that originally centred on the notion of credibility, or reasonable belief falling short of certainty. There have arisen two quite distinct uses of this group of ideas, namely in the modelling of physical or social processes, and in drawing inferences from, or making decisions on the basis of, inconclusive data.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Ian Hacking
    • 1
  1. 1.