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Internality, transfer, and infinitesimal modeling of infinite processes | OUP Journals & Magazine | IEEE Xplore

Internality, transfer, and infinitesimal modeling of infinite processes

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Abstract:

A probability model is underdetermined when there is no rational reason to assign a particular infinitesimal value as the probability of single events. Pruss claims that ...Show More

Abstract:

A probability model is underdetermined when there is no rational reason to assign a particular infinitesimal value as the probability of single events. Pruss claims that hyperreal probabilities are underdetermined. The claim is based upon external hyperreal-valued measures. We show that internal hyperfinite measures are not underdetermined. The importance of internality stems from the fact that Robinson's transfer principle only applies to internal entities. We also evaluate the claim that transferless ordered fields (surreals, Levi-Civita field, Laurent series) may have advantages over hyperreals in probabilistic modeling. We show that probabilities developed over such fields are less expressive than hyperreal probabilities.
Published in: Philosophia Mathematica ( Volume: 29, Issue: 1, February 2021)
Page(s): 256 - 277
Date of Publication: 23 August 2021

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