Subjective probability is not a well-defined concept in the general case. Fractions are well-defined, but only after you’ve decided where you are getting the numerator and denominator from.
That fractions are well-defined doesn’t make them probabilities.
Subjective probability is not a well-defined concept in the general case. Fractions are well-defined, but only after you’ve decided where you are getting the numerator and denominator from.
That fractions are well-defined doesn’t make them probabilities.