#reading-9-probability-concepts
Probabilities that are inconsistent create profit opportunities, according to the Dutch Book Theorem.
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Summary ve probability. A probability obtained based on logical analysis is an a priori probability.
A probability of an event E, P(E), can be stated as odds for E = P(E)/[1 − P(E)] or odds against E = [1 − P(E)]/P(E).
<span>Probabilities that are inconsistent create profit opportunities, according to the Dutch Book Theorem.
A probability of an event not conditioned on another event is an unconditional probability. The unconditional probability of an event A is denoted P(A). Unconditional pr Summary
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