Extending Jaynes: How Scientific and Economic Claims are Judged

ET Jaynes work on probability theory, which he subtitled the logic of science, should be much better known. We cast some light on a small segment of his work, demonstrating how logical probability can be used to analyze people judge scientific and economic pronouncements and claims of cause. This has important consequences in economics, and any area in which people are asked to believe a cause has been discovered or verified in science, especially when they are asked to act on the discovery.