• Summary
  • Contents
  • Subject index

Providing cutting-edge perspectives and real-world insights into the greater utility of probability and its applications, the Handbook of Probability offers an equal balance of theory and direct applications in a non-technical, yet comprehensive, format.

3 Subjective Probability
3 Subjective probability
IgorKopylov

Personalistic views hold that probability measures the confidence that a particular individual has in the truth of a particular proposition.

—Savage (1972, p. 3)
Introduction

Historically, the term probability has been associated with a number of different concepts. The standard mathematical definition due to Kolmogorov (1933/1950) identifies probability with a countably ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles