In this note we wish to pass along an example that we have found useful when introducing the concepts of conditional probability and Bayes' Rule to undergraduate students. The advantages of this ...

Possibility theory and conditional probability offer complementary perspectives for modelling uncertainty, with each framework contributing distinct advantages. Possibility theory, rooted in fuzzy set ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

This is a preview. Log in through your library . Abstract In this paper, multivariate strict sense stationary stochastic processes are considered. It is shown that there exists a universal function by ...