The term "precision" seems to have changed its meaning over the centuries, which may cause confusion to anyone dealing with the literature of definitions. It signifies more than one concept, which muddles things up. Unfortunately, I may be adding to the muddle, as some of my points in this post are from memory, and I will have to rediscover the references for them. However, I wanted to capture what I now have about precision. T he etymology of "precision", according to Peirce, means "to cut off at the end" (from "Issues in Pragmatism", The Monist, Vol 15, Oct 1905 pp481-499). Apparently, it is connected with "curt denials and refusals" - cutting someone off. Oddly, this seems to have tradionally meant that the more cutting off you did, the greater precision you achieved. As such, it runs counter to our idea of numerical precision, where the greater the number of decimal places, the greater the precision. On the traditional view,...
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