Providing cutting-edge perspectives and real-world insights into the greater utility of probability and its applications, the Handbook of Probability offers an equal balance of theory and direct applications in a non-technical, yet comprehensive, format.

Subjective Probability


Personalistic views hold that probability measures the confidence that a particular individual has in the truth of a particular proposition.

—Savage (1972, p. 3)


Historically, the term probability has been associated with a number of different concepts. The standard mathematical definition due to Kolmogorov (1933/1950) identifies probability with a countably ...

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