Financial Mathematics Text

Showing posts with label abduction. Show all posts
Showing posts with label abduction. Show all posts

Monday, September 3, 2012

The Problem of Induction

This is a continuation of a series devoted to the question of what an "empirical question" is. See Part I and Part II if you're interested.

One tool that is considered essential to the empirical sciences is induction. It's importance is, in my opinion, overstated by most philosophers (I firmly believe that abduction rarely gets the proper credit it deserves). In spite of that, I do not dismiss its important role in scientific inquiry.