29. Suppose that a nonmathematical but philosophically minded friend of yours claims that Laplace's rule of succession

Question:

29. Suppose that a nonmathematical but philosophically minded friend of yours claims that Laplace's rule of succession must be incorrect because it can lead to ridiculous conclusions. "For instance," says he, "if a boy is 10 years old, the rule states that having lived 10 years, the boy has probability $$1/12$$ of living another year. On the other hand, if the boy has an 80-year-old grandfather, then by Laplace's rule the grandfather has probability $$1/81$$ of surviving another year. However, this is ridiculous. Clearly, the boy is more likely to survive an additional year than is the grandfather." How would you answer your friend?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: