Isaac Chan’s Reviews > An Enquiry Concerning Human Understanding > Status Update

Isaac Chan
Isaac Chan is on page 83 of 304
Note n/n:

we are still trapped by black swan dangers.

The bottom line is that Hume still distinguishes between better and worse inductive inferences. Hume wasn't an absolute skeptic; he was a mitigated skeptic, and traders already live with this philosophy.
Mar 02, 2026 04:29AM
An Enquiry Concerning Human Understanding

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Isaac’s Previous Updates

Isaac Chan
Isaac Chan is on page 83 of 304
Note 4/n:
already largely see the world in probabilities. In the markets, probabilistic thinking certainly anchors our analyses and contains our biases, but we all know the hidden risk of probabilities in the markets - the risk of a black swan event.

Hume doesn't add much to resolve this conundrum, then! I am already skeptical of causation, and I don't know why he leaps to proposing thinking with probabilities - ...
Mar 02, 2026 04:29AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 82 of 304
Note 3/n:
central tension that persists in Hume's thinking: why is he skeptical of causation, yet allows for empirical reasoning from probability (essentially, merely a more sophisticated, mathematical induction from past observations)?

Thus, Hume adds little much to my existing mode of thought, then. Following my reading of books like 'Fooled by randomness' and 'Superforecasting', and writers like Mauboussin, I ...
Mar 02, 2026 04:28AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 82 of 304
Note 2/n:
Hume's methodology results in a peculiar probability scale that spans from -1 to 1 (because he deducts negative observations from positive), instead of the modern convention of 0 to 1 (because we now only count the positive observations and divide them by the total observations). Nice! Good value-add by Millican yet again.

But now that I have some grasp on 'Of miracles', I now direct my attention to the...
Mar 02, 2026 04:28AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 82 of 304
Note 1/n:
I have finally reached 'Of miracles' and I may be in a good position to critique my own (largely negative) 2025 review of 'Of miracles'. The notes made me understand that this lengthy ramble of i) proportioning one's beliefs to the evidence, ii) deducting negative from positive evidence is just Hume's 18th-century, rambly way of stating his doctrine of probabilistic thinking. Millican also taught me that...
Mar 02, 2026 04:27AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 78 of 304
Note n/n:

governed by the same maxims as the vulgar, especially in the active parts of life.

(I can also see now how deeply seeped in scholasticism the pre-Cartesians were, with their dogma of the superiority of human reason; and this allows me to see how compatible Aristotelianism is with Christianity, which made it so popular.)
Feb 26, 2026 03:42AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 78 of 304
Note 8/n:
less prestigious university, or people who speak in a heavy accent. I do not necessarily possess any superior insight into the 'real', deeper nature of things than anyone else - we are all bound by analogical reasoning and induction.

A Platonist might hold that philosophers are intellectually superior to others due to our deeper understanding of the Forms, but a Humean humbly realises that we are ...
Feb 26, 2026 03:42AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 77 of 304
Note 7/n:
goes to Dr Millican, as always.

'On the reason of animals' was humbling not just on an inter-species level, but on an intra level as well. If all living things possess but the same animalistic mode of reasoning, then there is zero justification for me to feel superior about my own reasoning compared to certain groups of people, e.g. people who may have less formal education than I have, or attended a ...
Feb 26, 2026 03:41AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 77 of 304
Note 6/n:
the Treatise. But my challenge to Hume last night was that he must now explain why humans are so intellectually superior to the beasts. And I read this morning that Hume answers this in his endnote: I will read it tonight. Ha.

I would not have known that Darwin's personal notes show that he read 'On the reason of animals' around the time that he was embarking in his groundbreaking revolution. The credit...
Feb 26, 2026 03:40AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 77 of 304
Note 5/n:
reasoning (there must be a medium). I wonder if Hume even realised this fallacy in his reasoning.

Also, I am smugly feeling like a philosophical genius now, because I accurately anticipated the key objection to Hume's 'Of the reason of animals'. I had accepted Hume's argument that humans possess merely the same mode of reasoning as the beasts (i.e. analogical reasoning and custom) since my reading of ...
Feb 26, 2026 03:40AM
An Enquiry Concerning Human Understanding


Isaac Chan
Isaac Chan is on page 77 of 304
Note 4/n:
in non-humans, I cannot infer that this means that homosexuality SHOULD be allowed among humans. There is a missing link from the premise to the conclusion.) So Hume's approach runs into the is-ought problem as well. I observe that all ideas correspond with an impression, yes, but I cannot rush to the conclusion that every idea SHOULD correspond with an impression! There is a missing link in the logical ...
Feb 26, 2026 03:39AM
An Enquiry Concerning Human Understanding


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