The justification of induction

Philosophy of Science 59 (4):527-539 (1992)
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Abstract

We show there is only one consistent way to update a probability assignment, that given by Bayes's rule. The price of inconsistent updating is a loss of efficiency. The implications of this for the problem of induction are discussed

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References found in this work

On the principle of total evidence.Irving John Good - 1966 - British Journal for the Philosophy of Science 17 (4):319-321.
A Mathematical Theory of Communication.Claude Elwood Shannon - 1948 - Bell System Technical Journal 27 (April 1924):379–423.
On inductive logic.Rudolf Carnap - 1945 - Philosophy of Science 12 (2):72-97.
Philosophy of science naturalized.Ronald N. Giere - 1985 - Philosophy of Science 52 (3):331-356.
Conditionalization and expected utility.Peter M. Brown - 1976 - Philosophy of Science 43 (3):415-419.

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