Post Positivist Probability
14 Pages Posted: 22 Dec 2008
Date Written: December 21, 2008
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: Suggested Citation