Transcribed

LOR7: Probability as propensity

Feb 15, 2025 · 16m 14s
LOR7: Probability as propensity
Description

In this episode, we move beyond the classical and frequentist definitions of probability to explore the propensity interpretation. We examine how Peirce and Popper viewed probability as an objective tendency...

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In this episode, we move beyond the classical and frequentist definitions of probability to explore the propensity interpretation.
We examine how Peirce and Popper viewed probability as an objective tendency of random phenomena.
While this approach offers an interesting perspective, and it can be useful in fields like quantum mechanics, it also raises challenges, especially when dealing with single events. 
We also discuss historical bias and its impact on risk management and financial decision-making.

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Author Pasquale Cirillo
Organization Pasquale
Website -
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