What is the plausibility of probability

We present and examine a result related to uncertainty reasoning, namely that a certain plausibility measure of Cox’s type can be uniquely embedded in a minimal ordered field. This, although a purely mathematical result, can be claimed to imply that every rational method to reason with uncertainty must be based on sets of extended probability distributions, where extended probability is standard probability extended with infinitesimals. This claim must be supported by some argumentation of non-mathematical type, however, since pure mathematics does not tell us anything about the world. We propose one such argumentation, and relate it to results from the literature of uncertainty and statistics.

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