Are probabilities based on intuitive judgments arbitrary and indifferent to evidence?

Question

Quizplus · Accepted Answer

Probabilities based on intuitive judgments are not arbitrary or indifferent to evidence. While they may not be as precise as probabilities calculated through formal statistical methods, intuitive judgments often incorporate both explicit and implicit evidence and experiences. This means that while they can be subjective, they are informed by some level of evidence, making option E correct.

Are Probabilities Based on Intuitive Judgments Arbitrary and Indifferent to Evidence