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.

Bissiri P.G., Walker S.G. (2018). A definition of conditional probability with non-stochastic information. ENTROPY, 20(8), 1-8 [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.
2018
Bissiri P.G., Walker S.G. (2018). A definition of conditional probability with non-stochastic information. ENTROPY, 20(8), 1-8 [10.3390/e20080572].
Bissiri P.G.; Walker S.G.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/709357
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