Some notes on the Principle of Indifference

A classical statement of the Principle of Indifference (PI) is as follows (p. 45 Keynes, 1921): if there is no known reason for predicating of our subject one rather than another of several alternatives, then relatively to such knowledge the assertions of each of these alternatives have an equal probability. Thus equal probabilities must be assigned to each of several arguments, if there is an … Continue reading Some notes on the Principle of Indifference