Should Bayesians Bet Where Frequentists Fear to Tread?

Abstract

Probability theory is important not least because of its relevance for decision making, which also means: its relevance for the single case. The frequency theory of probability on its own is irrelevant in the single case. However, Howson and Urbach argue that Bayesianism can solve the frequentist's problem: frequentist-probability information is relevant to Bayesians (although to nobody else). The present paper shows that Howson and Urbach's solution cannot work, and indeed that no Bayesian solution can work. There is no way to make frequentist probability relevant.