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Intuition and surprise

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  • Michael R. Powers

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.

Suggested Citation

  • Michael R. Powers, 2007. "Intuition and surprise," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 8(5), pages 429-433, November.
  • Handle: RePEc:eme:jrfpps:15265940710834726
    DOI: 10.1108/15265940710834726
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    Keywords

    Intuition; Probability theory;

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