Hume’s theorem

A common criticism of Hume’s famous anti-induction argument is that it is vitiated because it fails to foreclose the possibility of an authentically probabilistic justification of induction. I argue that this claim is false, and that on the contrary, the probability calculus itself, in the form of an elementary consequence that I call Hume’s Theorem, fully endorses Hume’s argument. Various objections, including the often-made claim that Hume is defeated by de Finetti’s exchangeability results, are considered and rejected.