It has been suggested that this article be merged into Dutch book. (Discuss) Proposed since March 2024. |
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Bayesian statistics |
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Posterior = Likelihood × Prior ÷ Evidence |
Background |
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Posterior approximation |
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Evidence approximation |
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In a thought experiment proposed by the Italian probabilist Bruno de Finetti in order to justify Bayesian probability, an array of wagers is coherent if it does not result in a Dutch book.
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