A conclusion is a logical interpretation of the facts and other information in a report.
By placing additional restrictions on an agent's prior probabilities, logical interpretations seek to avoid the drawbacks of subjectivist interpretations. Similar to the classical interpretation, the logical structure of the space of outcomes determines the prior probabilities. Probability calculations, however, can take into account the weight of information that distinguishes between the probable outcomes, in contrast to the traditional understanding. Both Laplace (1819) and Thomas Bayes (1763), who are known for supporting the subjectivist and classical methods, supported a particular interpretation of the logical approach to probability. Carnap (1950), Jeffreys (1961), and Jaynes are a few of the supporters from the 20th century (1973).
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