A friend and colleague of mine recently sent me some thoughts and questions pertaining to Peirce, probabilities, and single cases. I’d be very interested in getting others’ thoughts on this. Thus, here (with his permission) is an excerpt from my friend’s email:
I was thinking about the problem of the single case today, and I was wondering what you make of it. I’m taking the problem from Peirce, where you will recall, he characterizes it somewhat as follows:
Suppose you stand before God and he presents you with two decks of cards. The first has 25 white cards and 1 black card; the second has 25 black cards and 1 white card. He tells you which deck is which, and says that you may choose which deck to draw a single card from. He also tells you that if you draw a white card, you will be welcomed into heaven but that if you draw a black card, you will be condemned to hell. I think it would be hard to dispute that one ought to draw from the first deck. But, as Peirce says, what consolation can we give to the man who chooses from the first deck but draws the black card?
Now, as I understand the literature following the positivists (and maybe Feller), the problem of the single case has been made out to be about the meaningfulness of probability statements with respect to singular events, like drawing once from such a deck. But it seems to me the problem is about rationality. Specifically, it is about the rationality of following or being guided by probabilities in the single case, even when you know what the probabilities are.
So, what do you think? What arguments do frequentists (or propensity theorists) and Bayesians (both subjective and objective) give to connect probability with rational action in cases like this? Is there a standard move in the literature?
So indeed, what do you think? More specifically, I wonder what you think about my colleague’s distinction between Peirce’s version of the problem and the problem that typically goes by that name these days. And I wonder how you would answer the questions concluding his email.