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So, what do you think about the Jaynes approach to probability I referred to in post #14? Your arguments above look very similar to his arguments, but he does not seem to think of probability as a branch of analysis.micromass said:First of all, frequencies are not objective. They rely on a pretty shady limiting argument. Nobody can actually toss a coin infinitely many times. Furthermore, there is no way to define a probability using frequencies and verify the axioms. It's religion, you assume it holds. While I do use frequentist methods and consider them valid, I reject the frequentist interpretation completely.
Contrary, the Bayesian point of view can be made rigorous without any shady business. Furthermore, the Kolmogorov axioms can actually be proven in the Bayesian approach if you rigorize the Bayesian interpretation in a reasonable way. That said, there are very convincing reasons why some of the Kolmogorov axioms might have to be weakened (usually sigma additivity), but while they yield a very beautiful (bayesian) interpretation, it doesn't give us a very useful and comprehensive statistical methods.