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Intuition and surprise

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Author Info
Michael R. Powers

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Abstract

Purpose – This editorial seeks to address the importance of intuition and metaphor in the construction of logical systems of thought. Design/methodology/approach – Two unconventional approaches to probability theory are considered, one based upon the non-intuitive law of the excluded middle, and one based upon the notion of surprise. Findings – It is argued that formal systems based upon non-intuitive assumptions/axioms are generally less likely to be accepted by researchers. Nevertheless, it sometimes is possible to identify unconventional systems with greater intuitive appeal than their more orthodox counterparts. Originality/value – The editorial emphasizes an aspect of formal mathematical systems – intuition – that is often overlooked.

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Publisher Info
Article provided by Emerald Group Publishing in its journal Journal of Risk Finance.

Volume (Year): 8 (2007)
Issue (Month): 5 (November)
Pages: 429-433
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Handle: RePEc:eme:jrfpps:v:8:y:2007:i:5:p:429-433

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Related research
Keywords: Intuition; Probability theory;

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This page was last updated on 2009-11-18.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.