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# Topic: Aleatory probability

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 Probability - Open Encyclopedia   (Site not responding. Last check: 2007-11-05) In Cox's formulation, probability is taken as a primitive (that is, not further analyzed) and the emphasis is on constructing a consistent assignment of probability values to propositions. Probabilities are equivalently expressed as odds, which is the ratio of the probability of one event to the probability of all other events. Governments typically apply probability methods in environment regulation where it is called "pathway analysis", and are often measuring well-being using methods that are stochastic in nature, and choosing projects to undertake based on their perceived probable effect on the population as a whole, statistically. open-encyclopedia.com /Probability   (2628 words)

 Probabilistic. Who is Probabilistic? What is Probabilistic? Where is Probabilistic? Definition of Probabilistic. ... Probability theory, as applied to observations, was largely a nineteenth century development. A major impact of probability theory on everyday life is in risk assessment and in trade on commodity markets. Governments typically apply probability methods in environment regulation where it is called "pathway analysis", and are often measuring well-being using methods that are stochastic in nature, and choosing projects to undertake based on their perceived probable impact on the population as a whole, statistically. www.knowledgerush.com /kr/encyclopedia/Probabilistic   (2420 words)

 CONK! Encyclopedia: Probability   (Site not responding. Last check: 2007-11-05) He represented the law of probability of errors by a curve y = Ï(x), x being any error and y its probability, and laid down three properties of this curve: (1) It is symmetric as to the y-axis; (2) the x-axis is an asymptote, the probability of the error The probability of an event is generally represented as a real number between 0 and 1, inclusive. For example, if two mutually exclusive events are assumed equally probable, such as a flipped coin landing heads-up or tails-up, we can express the probability of each event as "1 in 2", or, equivalently, "50%" or "1/2". www.conk.com /search/encyclopedia.cgi?q=Probability   (2678 words)

 STATS 246.3 - Glossary   (Site not responding. Last check: 2007-11-05) The probability distribution of the number of distinctive units in a simple random sample from a finite population. Of two events, the property that the probability of their intersection is the product of their probabilities; of a collection of more than two events, the property that the probability of the intersection of any subcollection is the product of their respective probabilities. The probability of occurrence of a disease in the presence of a putative causal agent divided by the probability of occurrence in the absence of the agent. math.usask.ca /~bickis/courses/stats246/glossdef.html   (4724 words)

 INTRODUCTION: To J. Franklin, The Science of Conjecture: Evidence and Probability Before Pascal A concept of logical probability is employed when one says that, on present evidence, the steady-state theory of the universe is less probable than the big bang theory, or that an accused's guilt is "proved beyond reasonable doubt", though not absolutely certain. How probable a hypothesis is, on given evidence, determines the degree of belief it is rational to have in that hypothesis, if that is all the evidence one has that is relevant to it. The second point is that while the probability of outcomes of dice throws is essentially numerical, and advances in understanding are measured by the ability to calculate the right answers, it is otherwise with logical probability. web.maths.unsw.edu.au /~jim/intro.html   (2083 words)

 List of finance topics: Probability The word probable means roughly "likely to occur" in the case of possible future occurrences, or "likely to be true" in the case of inferences from evidence. aleatory probability, which represents the likelihood of future events whose occurrence is governed by some random physical phenomenon like tossing dice or spinning a wheel; and 2. Probability in mathematics While the existence of gambling games of chance shows that there has been a lively interest in quantifying the ideas of probability for millenia, exact mathematical descriptions of use in these types of problems only arose much later. www.morelawinfo.com /Finance_topics/Probability.shtml   (620 words)

 Probability - Sneaknews.com :: Newsleads   (Site not responding. Last check: 2007-11-05) Assign a probability to the proposition that a proposed law of physics is true. In probability theory, an event is a "measurable" subset of a "sample space". Another way probabilities are expressed is "odds", where the two numbers used represent the relative likelihood of the target event and the likelihood of all events other than the target event. www.sneaknews.com /econtents/pr/Probability.html   (1596 words)

 Aleatory probability. Who is Aleatory probability? What is Aleatory probability? Where is Aleatory probability? ... Statistical regularity has motivated the development of the relative frequency concept of probability. The Bayesians supported the use of degrees of belief as a basis for statistical practice. The frequentist position is the one you probably heard at school: perform an experiment lots of times, and measure the proportion where you get a positive result - this proportion, if you perform the experiment enough times, is the probability. www.knowledgerush.com /kr/encyclopedia/Aleatory_probability   (362 words)

 iqexpand.com   (Site not responding. Last check: 2007-11-05) Bayesianism is the philosophical tenet that the mathematical theory of probability applies to the degree of plausibility of a statement. Probability is the branch of mathematics that studies the possible outcomes of given events together with the outcomes' relative likelihoods and distributions. Probability Theory As Extended Logic Last Modified 8-16-2005 Edwin T. Jaynes was one of the first people to realize that probability theory, as originated by Laplace, is a generalization of... probability.iqexpand.com   (2852 words)

 PROBABILITY FACTS AND INFORMATION   (Site not responding. Last check: 2007-11-05) probability is taken as a primitive (that is, not further analyzed) and the emphasis is on constructing a consistent assignment of probability values to propositions. A probability_distribution is a function that assigns probabilities to events or propositions. Probability applications include even more than statistics, which is usually based on the idea of probability_distributions and the central_limit_theorem. www.gottagetflowers.com /de:probability   (2461 words)

 AN ESSAY ON UNCERTAINTY AND FACT-FINDING IN CIVIL LITIGATION, WITH SPECIAL REFERENCE TO CONTRACT CASES   (Site not responding. Last check: 2007-11-05) To disqualify a probability assessment for not passing the minimal resiliency threshold is tantamount to annulling its aleatory significance. This probability may well be low, but the probability that one of the p’s was responsible for the plaintiffs’ loss is high enough to tilt the scales in the plaintiffs’ favour. For example, in a breach-of-contract lawsuit, the plaintiff has to establish, on a balance of probabilities, that she and the defendant entered into a contract, that the contract was breached by the defendant and that she sustained losses as a result of this breach. www.utpjournals.com /product/utlj/483/483_stein.html   (18026 words)

 Probability An example of a sample space that isn't discrete is the closed interval [0, 1] to which the length of any subinterval (a, b) is assigned as the probability of that subinterval. It isn't correct to say that statistics are involved in the modelling itself, as typically the assessments of risk are one-time and thus require more fundamental probability models, e.g. Damon Runyon, "It may be that the race isn't always to the swift, nor the battle to the strong - but that is the way to bet." www.factbase.info /pr/probability.html   (1511 words)

 Frequency probability   (Site not responding. Last check: 2007-11-05) In his book Theory of Probability Bruno de Finetti argued that probabilities should be treated as appropriately calibrated degrees of belief, with a one-to-one relationship to betting odds. Using betting as an analogy for all decision-making under uncertainty, he proved that necessary and sufficient conditions for rational betting (i.e. This laid the foundation of an alternative version of probability, now known as Bayesian. www.worldhistory.com /wiki/F/Frequency-probability.htm   (389 words)

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