Abstract
Bishop Butler, [Butler, 1736], said that probability was the very guide of life. But what interpretations of probability can serve diis function? It isn't hard to see that empirical (frequency) views won't do, and many recent writers—for example John Earman, who has said that Bayesianism is “die only game in town”—have been persuaded by various dutch book arguments that only subjective probability will perform die function required. We will defend the thesis mat probability construed in this way offers very little guidance, dutch book arguments notwidistanding. We will sketch a way out of the impasse.
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