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Philipp Renz's avatar

I also had lots of confusion around this topic. I then stumbled upon Jaynes' "Probability theory" and that cleared up at least some of it. He states that probabilities merely encode our beliefs about uncertain situations. For "repeated" events these tie together with the frequencies, but for singular events they are less intuitive. Took me quite a long time to accept that probabilities are not something "existing" in the real world, but rather something "subjective" that reflects one's state of knowledge.

In the farming example above, the assumption is that it's equally likely that crop yield is well above, well below, or around average. That's just the best the farmer could come up with based on previous yields, or weather records and some knowledge about plant growth. Accepting that that's the best she can do in quantifying her uncertainty, she can then use decision theory to decide what actions to take.

But there's no "true model" in any sense as the world isn't stochastic as assumed in frequentist theory. Jaynes does a really nice job of making probability about handling uncertainty about singular events, and then shows how it can be applied.

Would be interested in what you think about Jaynes' book and the mind projection fallacy.

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Hongzhou Luan's avatar

Did some research on Yogi Berra to understand the title -- is he used as a metaphor for confusion and paradoxical statements?

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