probability

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probability

noun anticipation, appearance of truth, believability, chance, conceivability, credibility, expectation, fair chance, fair expectation, favorable chance, liability, liableness, likelihood, likeliness, odds, plausibility, possibility, presumption, promise, prospect, reasonable chance, reasonableness, tendency, veri similitudo, verisimilitude
See also: chance, expectation, likelihood, outlook, possibility, presumption, prospect, supposition

PROBABILITY. That which is likely to happen; that which is most consonant to reason; for example, there is a strong probability that a man of a good moral character, and who has heretofore been remarkable for truth, will, when examined as a witness under oath, tell the truth; and, on the contrary, that a man who has been guilty of perjury, will not, under the same circumstances, tell the truth; the former will, therefore, be entitled to credit, while the latter will not.

References in periodicals archive ?
A hyperbolic decay of subjective probability of obtaining delayed rewards.
The subjective probability assessments were significantly higher in the Gain conditions than in the Loss conditions as well as in the Direct conditions than in the Inference ones.
It believes that a child needs to understand that while any subjective probability may be an acceptable statement of the child's opinions, some subjective probabilities are not of any use in the real world because they are too far removed from the best experimental probability, or even a range of experimental probabilities which might be obtained.
If this standard of proof often used in practice refers to subjective probability, it suffers from the difficulties of creating a useful metaphor by which decisionmakers can make sense of the concept--as was discussed of below-50% standards of proof for probable cause.
The multiplying rule, which operates upon subjective probability and subjective value, illustrates a general expectancy x value model often documented in FM studies (see Anderson, 1991, pp.
Consequently, in line with Figlewski's (1979) argument, we assume that the market's subjective probability is given by
Neither self-assessed control over life events nor the subjective probability of living another 10 years was associated with the person's HbA1c level.
Robust Definition of Subjective Probability, in 2 THE ECONOMICS OF
But determining these all require subjective probability assessments, and a standing problem for Bayesian methodology is how to do that in a non-arbitrary manner.
For there to be a risk, it suffices that there is some subjective probability, given the knowledge and understanding available, of an adverse outcome, even if it later turns out that, objectively, there was no possibility of a disaster.
Given the worsening inflation outlook we cannot rule out a rate hike by the Bank of England in July, but we have cut our subjective probability of that outcome from 40 per cent to 25 per cent.

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