Consider a situation where an action $A_t$ is leave for airport $t$ minutes before flight.
Problem: Will $A_{25}$ get me to the airport on time?
Since there a lot of uncertainties, we can make assumptions
Issues: what assumptions are reasonable and how should we handle contradictions?
Probability can help
Probabilistic assertions summarize effects of
laziness: failure to enumerate exceptions, qualifications, etc.
ignorance: lack of relevant facts, initial conditions, etc
Subjective or Bayesian probability:
Probabilities relate propositions to one’s own state of knowledge
e.g $P(A_{25}\; |\; \text{no reported accident}) = 0.06$
Probabilities of propositions change with new evidence
e.g. $P(A_{25}\; |\; \text{no reported accident, 5a.m.}) = 0.15$
Suppose I believe the following:
$P(A_{25}\text{ gets me there on time}\; |\; ...) = 0.04$
$P(A_{90}\text{ gets me there on time}\; |\; ...) = 0.70$
$P(A_{120}\text{ gets me there on time}\; |\; ...) = 0.95$
$P(A_{1440}\text{ gets me there on time}\; |\; ...) = 0.99999$
Which action should we choose?