Find in Library
Search millions of books, articles, and more
Indexed Open Access Databases
A Definition of Conditional Probability with Non-Stochastic Information
oleh: Pier Giovanni Bissiri, Stephen G. Walker
| Format: | Article |
|---|---|
| Diterbitkan: | MDPI AG 2018-08-01 |
Deskripsi
The current definition of a conditional probability enables one to update probabilities only on the basis of stochastic information. This paper provides a definition for conditional probability with non-stochastic information. The definition is derived by a set of axioms, where the information is connected to the outcome of interest via a loss function. An illustration is presented.