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.
A definition of conditional probability with non-stochastic information / Bissiri P.G.; Walker S.G.. - In: ENTROPY. - ISSN 1099-4300. - ELETTRONICO. - 20:8(2018), pp. 572.1-572.8. [10.3390/e20080572]
A definition of conditional probability with non-stochastic information
Bissiri P. G.;
2018
Abstract
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.File in questo prodotto:
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