Abstract
Abstract The axiomatic theory of probability is analogous to the theory of moving objects based on relations such as Newton's second law, F = ma . Each theory purports to describe the behavior of physical objects, and each has been validated by countless observations and experiments. In this sense, the probability of coming up heads is just as intrinsic a property of a real coin as is its mass. In contrast to the established validity of the axiomatic approach, the major weakness of the subjectivistic (Bayesian) approach to probability is the questionable connection between its conclusions and the real world.
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