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Bayesianism
Bayesian probability is an interpretation of the concept of probability, in which, instead of frequency or propensity of some phenomenon, probability is interpreted as reasonable expectation representing a state of knowledge or as quantification of a personal belief. The Bayesian interpretation of probability can be seen as an extension of propositional logic that enables reasoning with hypotheses; that is, with propositions whose truth or falsity is unknown. In the Bayesian view, a probability is assigned to a hypothesis, whereas under frequentist inference, a hypothesis is typically tested without being assigned a probability. Bayesian probability belongs to the category of evidential probabilities; to evaluate the probability of a hypothesis, the Bayesian probabilist specifies a prior probability. This, in turn, is then updated to a posterior probability in the light of new, relevant data (evidence). The Bayesian interpretation provides a standard set of procedures and formula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cox's Theorem
Cox's theorem, named after the physicist Richard Threlkeld Cox, is a derivation of the laws of probability theory from a certain set of postulates. This derivation justifies the so-called "logical" interpretation of probability, as the laws of probability derived by Cox's theorem are applicable to any proposition. Logical (also known as objective Bayesian) probability is a type of Bayesian probability. Other forms of Bayesianism, such as the subjective interpretation, are given other justifications. Cox's assumptions Cox wanted his system to satisfy the following conditions: #Divisibility and comparability – The plausibility of a proposition is a real number and is dependent on information we have related to the proposition. #Common sense – Plausibilities should vary sensibly with the assessment of plausibilities in the model. #Consistency – If the plausibility of a proposition can be derived in many ways, all the results must be equal. The postu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frequentist Probability
Frequentist probability or frequentism is an interpretation of probability; it defines an event's probability as the limit of its relative frequency in many trials (the long-run probability). Probabilities can be found (in principle) by a repeatable objective process (and are thus ideally devoid of opinion). The continued use of frequentist methods in scientific inference, however, has been called into question. The development of the frequentist account was motivated by the problems and paradoxes of the previously dominant viewpoint, the classical interpretation. In the classical interpretation, probability was defined in terms of the principle of indifference, based on the natural symmetry of a problem, so, ''e.g.'' the probabilities of dice games arise from the natural symmetric 6-sidedness of the cube. This classical interpretation stumbled at any statistical problem that has no natural symmetry for reasoning. Definition In the frequentist interpretation, probabilities a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bayes' Theorem
In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule), named after Thomas Bayes, describes the probability of an event, based on prior knowledge of conditions that might be related to the event. For example, if the risk of developing health problems is known to increase with age, Bayes' theorem allows the risk to an individual of a known age to be assessed more accurately (by conditioning it on their age) than simply assuming that the individual is typical of the population as a whole. One of the many applications of Bayes' theorem is Bayesian inference, a particular approach to statistical inference. When applied, the probabilities involved in the theorem may have different probability interpretations. With Bayesian probability interpretation, the theorem expresses how a degree of belief, expressed as a probability, should rationally change to account for the availability of related evidence. Bayesian inference is fundamental to Baye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Bayes
Thomas Bayes ( ; 1701 7 April 1761) was an English statistician, philosopher and Presbyterian minister who is known for formulating a specific case of the theorem that bears his name: Bayes' theorem. Bayes never published what would become his most famous accomplishment; his notes were edited and published posthumously by Richard Price. Biography Thomas Bayes was the son of London Presbyterian minister Joshua Bayes, and was possibly born in Hertfordshire. He came from a prominent nonconformist family from Sheffield. In 1719, he enrolled at the University of Edinburgh to study logic and theology. On his return around 1722, he assisted his father at the latter's chapel in London before moving to Tunbridge Wells, Kent, around 1734. There he was minister of the Mount Sion Chapel, until 1752. He is known to have published two works in his lifetime, one theological and one mathematical: #''Divine Benevolence, or an Attempt to Prove That the Principal End of the Divine Pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Logic
Logic is the study of correct reasoning. It includes both formal and informal logic. Formal logic is the science of deductively valid inferences or of logical truths. It is a formal science investigating how conclusions follow from premises in a topic-neutral way. When used as a countable noun, the term "a logic" refers to a logical formal system that articulates a proof system. Formal logic contrasts with informal logic, which is associated with informal fallacies, critical thinking, and argumentation theory. While there is no general agreement on how formal and informal logic are to be distinguished, one prominent approach associates their difference with whether the studied arguments are expressed in formal or informal languages. Logic plays a central role in multiple fields, such as philosophy, mathematics, computer science, and linguistics. Logic studies arguments, which consist of a set of premises together with a conclusion. Premises and conclusions are usual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bayesian Inference
Bayesian inference is a method of statistical inference in which Bayes' theorem is used to update the probability for a hypothesis as more evidence or information becomes available. Bayesian inference is an important technique in statistics, and especially in mathematical statistics. Bayesian updating is particularly important in the Sequential analysis, dynamic analysis of a sequence of data. Bayesian inference has found application in a wide range of activities, including science, engineering, philosophy, medicine, sport, and law. In the philosophy of decision theory, Bayesian inference is closely related to subjective probability, often called "Bayesian probability". Introduction to Bayes' rule Formal explanation Bayesian inference derives the posterior probability as a consequence relation, consequence of two Antecedent (logic), antecedents: a prior probability and a "likelihood function" derived from a statistical model for the observed data. Bayesian inference computes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prior Probability
In Bayesian statistical inference, a prior probability distribution, often simply called the prior, of an uncertain quantity is the probability distribution that would express one's beliefs about this quantity before some evidence is taken into account. For example, the prior could be the probability distribution representing the relative proportions of voters who will vote for a particular politician in a future election. The unknown quantity may be a parameter of the model or a latent variable rather than an observable variable. Bayes' theorem calculates the renormalized pointwise product of the prior and the likelihood function, to produce the ''posterior probability distribution'', which is the conditional distribution of the uncertain quantity given the data. Similarly, the prior probability of a random event or an uncertain proposition is the unconditional probability that is assigned before any relevant evidence is taken into account. Priors can be created using a num ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Principle Of Bivalence
In logic, the semantic principle (or law) of bivalence states that every declarative sentence expressing a proposition (of a theory under inspection) has exactly one truth value, either true or false. A logic satisfying this principle is called a two-valued logic or bivalent logic. In formal logic, the principle of bivalence becomes a property that a semantics may or may not possess. It is not the same as the law of excluded middle, however, and a semantics may satisfy that law without being bivalent. The principle of bivalence is studied in philosophical logic to address the question of which natural-language statements have a well-defined truth value. Sentences that predict events in the future, and sentences that seem open to interpretation, are particularly difficult for philosophers who hold that the principle of bivalence applies to all declarative natural-language statements. Many-valued logics formalize ideas that a realistic characterization of the notion of consequenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch Book
In gambling, a Dutch book or lock is a set of odds and bets, established by the bookmaker, that ensures that the bookmaker will profit—at the expense of the gamblers—regardless of the outcome of the event (a horse race, for example) on which the gamblers bet. It is associated with probabilities implied by the odds not being coherent. In economics, the term usually refers to a sequence of trades that would leave one party strictly worse off and another strictly better off. Typical assumptions in consumer choice theory rule out the possibility that anyone can be Dutch-booked. In philosophy it is used to explore degrees of certainty of beliefs. There is no agreement on the etymology of the term.Hajek, Alan ''Dutch Book Arguments'', Chapter 7 in The Oxford Handbook of Rational and Social Choice, ed. Paul Anand, Prasanta Pattanaik, and Clemens Puppe, 173-195, Oxford University Press Gambling The main point of the Dutch book argument is to show that rational people must ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability Interpretations
The word probability has been used in a variety of ways since it was first applied to the mathematical study of games of chance. Does probability measure the real, physical, tendency of something to occur, or is it a measure of how strongly one believes it will occur, or does it draw on both these elements? In answering such questions, mathematicians interpret the probability values of probability theory. There are two broad categories The taxonomy of probability interpretations given here is similar to that of the longer and more complete Interpretations of Probability article in the online Stanford Encyclopedia of Philosophy. References to that article include a parenthetic section number where appropriate. A partial outline of that article: * Section 2: Criteria of adequacy for the interpretations of probability * Section 3: ** 3.1 Classical Probability ** 3.2 Logical Probability ** 3.3 Subjective Probability ** 3.4 Frequency Interpretations ** 3.5 Propensity Interpretations "T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proposition
In logic and linguistics, a proposition is the meaning of a declarative sentence. In philosophy, "meaning" is understood to be a non-linguistic entity which is shared by all sentences with the same meaning. Equivalently, a proposition is the non-linguistic bearer of truth or falsity which makes any sentence that expresses it either true or false. While the term "proposition" may sometimes be used in everyday language to refer to a linguistic statement which can be either true or false, the technical philosophical term, which differs from the mathematical usage, refers exclusively to the non-linguistic meaning behind the statement. The term is often used very broadly and can also refer to various related concepts, both in the history of philosophy and in contemporary analytic philosophy. It can generally be used to refer to some or all of the following: The primary bearers of truth values (such as "true" and "false"); the objects of belief and other propositional attitudes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Finetti's Theorem
In probability theory, de Finetti's theorem states that exchangeable observations are conditionally independent relative to some latent variable. An epistemic probability distribution could then be assigned to this variable. It is named in honor of Bruno de Finetti. For the special case of an exchangeable sequence of Bernoulli random variables it states that such a sequence is a " mixture" of sequences of independent and identically distributed (i.i.d.) Bernoulli random variables. A sequence of random variables is called exchangeable if the joint distribution of the sequence is unchanged by any permutation of the indices. While the variables of the exchangeable sequence are not ''themselves'' independent, only exchangeable, there is an ''underlying'' family of i.i.d. random variables. That is, there are underlying, generally unobservable, quantities that are i.i.d. – exchangeable sequences are mixtures of i.i.d. sequences. Background A Bayesian statistician often seeks t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
