Finetti, Bruno de
Theory of Probability: A critical introductory treatment
De Finetti’s theory of probability is one of the foundations of Bayesian theory. De Finetti stated that probability is nothing but a subjective analysis of the likelihood that something will happen and that that probability does not exist outside the mind. It is the rate at which a person is willing to bet on something happening. This view is directly opposed to the classicist/ frequentist view of the likelihood of a particular outcome of an event, which assumes that the same event could be identically repeated many times over, and the 'probability' of a particular outcome has to do with the fraction of the time that outcome results from the repeated trials.
Nyckelord: probability theory, Bayes' Theorem, probability, Bayesian school of thought, subjectivist viewpoint, statistics, Probability & Mathematical Statistics
- Författare
- Finetti, Bruno de
- Utgivare
- John Wiley and Sons, Inc.
- Utgivningsår
- 2017
- Språk
- en
- Utgåva
- 1
- Serie
- Wiley Series in Probability and Statistics
- Sidantal
- 600 sidor
- Kategori
- Naturvetenskaper
- Format
- E-bok
- eISBN (ePUB)
- 9781119286295
- Tryckt ISBN
- 9781119286370