subjective probabilities


subjective probabilities
probabilities ( probability) that are determined subjectively (for example, on the basis of judgment rather than statistical sampling). Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Subjective probabilities — Probabilities that are determined subjectively (for example, on the basis of judgement rather than using statistical sampling). The New York Times Financial Glossary …   Financial and business terms

  • subjective probabilities — See: probability …   Accounting dictionary

  • Subjective Probability — A probability derived from an individual s personal judgment about whether a specific outcome is likely to occur. Subjective probabilities contain no formal calculations and only reflect the subject s opinions and past experience. Subjective… …   Investment dictionary

  • Subjective logic — is a type of probabilistic logic that explicitly takes uncertainty and belief ownership into account. In general, subjective logic is suitable for modeling and analysing situations involving uncertainty and incomplete knowledgeA. Jøsang.… …   Wikipedia

  • Subjective expected utility — is a method in decision theory in the presence of risk, originally put forward by L. J. Savage in 1954 [Savage, Leonard J. 1954. The Foundations of Statistics . New York, Wiley.] . It combines two distinct subjective concepts: a personal utility… …   Wikipedia

  • probability theory — Math., Statistics. the theory of analyzing and making statements concerning the probability of the occurrence of uncertain events. Cf. probability (def. 4). [1830 40] * * * Branch of mathematics that deals with analysis of random events.… …   Universalium

  • Bayesian inference — is statistical inference in which evidence or observations are used to update or to newly infer the probability that a hypothesis may be true. The name Bayesian comes from the frequent use of Bayes theorem in the inference process. Bayes theorem… …   Wikipedia

  • Dempster–Shafer theory — Prof Arthur P. Dempster at the workshop on Belief Function Theory (Brest 1 april 2010). The Dempster–Shafer theory (DST) is a mathematical theory of evidence.[1] It allows …   Wikipedia

  • Dempster-Shafer theory — The Dempster Shafer theory is a mathematical theory of evidenceShafer, Glenn; A Mathematical Theory of Evidence , Princeton University Press, 1976, ISBN 0 608 02508 9] based on belief functions and plausible reasoning , which is used to combine… …   Wikipedia

  • Decision theory — in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to …   Wikipedia