aWhat is the difference between probabilities that are objec

a)What is the difference between probabilities that are objective and probabilities that are epistemic?

b)Why would you call an objective probability random but not an epistemic probability? Explain.

c)If all information was known, would there still be epistemic probabilities? Yes/no is fine

Solution

a)The main difference between probabilities that are objective and that are epistemic is the objective probability uses the principle of indifference and the epistemic probability uses the principle of degree of support.

b)An objective probability uses random experiment such as tossing of a coin. An epistemic probability has nothing to do with randomness. Example: the claim that the extinction of the dinosaurs was probably caused by a large meteorite hitting the earth. Objective probability does not depend on belief whereas epistemic probability depends on belief.

c)If all information is known then there won’t be epistemic probability.