Sometimes the subjectivity comes back in the form of choosing the proper reference class.
If I flip a coin, should our calculation include all coins that were ever flipped, or only coins that were flipped by me, or perhaps only the coins that I flipped on the same day of week...?
Intuitively, sometimes the narrower definitions are better (maybe a specific type of coin produces unusual outcomes), but the more specific you get, the fewer examples you find.
Sometimes the subjectivity comes back in the form of choosing the proper reference class.
If I flip a coin, should our calculation include all coins that were ever flipped, or only coins that were flipped by me, or perhaps only the coins that I flipped on the same day of week...?
Intuitively, sometimes the narrower definitions are better (maybe a specific type of coin produces unusual outcomes), but the more specific you get, the fewer examples you find.