Dutch Book Theorem Explained: Profit from Misjudged Probabilities

Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.
GIGAZINE

An easy-to-understand explanation of the probability problem 'Monty Hall problem' to find a hit from three boxes is like this

The ' Monty Hall problem ' is one of the probability problems that is known for being difficult to understand even when the result is explained. Engineer Mikhail Paszkiewicz explains how to explain ...
BBC

How to describe probabilities and the probability scale

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...
JSTOR Daily

Corroboration, Explanation, Evolving Probability, Simplicity and a Sharpened Razor

This is a preview. Log in through your library . Journal Information Current issues are now on the Chicago Journals website. Read the latest issue.Since 1950, The British Journal for the Philosophy of ...
Prokerala

Meaning of: Probability

- a measure of how likely it is that some event will occur; a number expressing the ratio of favorable cases to the whole number of cases possible Example - " the probability that an unbiased coin ...