Abstract
Probability denotes a family of ideas that originally centred on the notion of credibility, or reasonable belief falling short of certainty. There have arisen two quite distinct uses of this group of ideas, namely in the modelling of physical or social processes, and in drawing inferences from, or making decisions on the basis of, inconclusive data.
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Hacking, I. (2018). Probability. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1758
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1758
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