One reason is Cox’s theorem, which shows any quantitative measure of plausibility must obey the axioms of probability theory. Then this result, conservation of expected evidence, is a theorem.
What is the “confidence level”? Why is 50% special here?
One reason is Cox’s theorem, which shows any quantitative measure of plausibility must obey the axioms of probability theory. Then this result, conservation of expected evidence, is a theorem.
What is the “confidence level”? Why is 50% special here?