Suppose it seems likely to me that one of the first six horses will win therace, and that of these, horse No. 1 is the best. It does not follow at all thatI shall then wish to predict that horse No. 1 will win, for this might mean nohigher probability than 15for its winning. Similarly, if I turn away then, andjust at the end of the race a great cheer goes up, the best explanation forme of this cheer will be that horse No. 1 has just won. And still I shall beno readier to say that this is what has just happened.