Post Positivist Probability

14 Pages Posted: 22 Dec 2008

See all articles by Asad Zaman

Asad Zaman

Quaid-i-Azam University - Pakistan Institute of Development Economics (PIDE)

Date Written: December 21, 2008

Abstract

Positivist philosophy provided the foundation for all social sciences as they were developed in the twentieth century. Now that positivism has been abandoned by philosophers, it is essential to replace methodology founded on positivist precepts. We show that the foundations of probability (both Bayesian and Frequentist) are wedded to positivist assumptions, which have been shown not to be workable. We suggest an alternative non-positivist foundation for probability theory, which avoids many of the problems faced by the current methodologies.

Keywords: probability, foundations, Bayesian, Frequentist, positivism

JEL Classification: C19

Suggested Citation

Zaman, Asad, Post Positivist Probability (December 21, 2008). Available at SSRN: https://ssrn.com/abstract=1319048 or http://dx.doi.org/10.2139/ssrn.1319048

Asad Zaman (Contact Author)

Quaid-i-Azam University - Pakistan Institute of Development Economics (PIDE) ( email )

Quaid-i-Azam University Campus
P.O.Box 1091
Islamabad, Federal Capital 44000
Pakistan

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