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Objective Probability
(redirected from objective probabilities)

    Also found in: Encyclopedia 0.01 sec.
Objective probability
The true unobservable underlying odds that something is so.
Objective Probability
The likelihood of the outcome of any event based upon recorded measurements rather than subjective analysis. Objective probability is considered more accurate than subjective estimates, thought it should be noted that analysts often rely on subjectivity just as much. Objective probability is important to both technical analysis and fundamental analysis.
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Establishing the existence and the direction of a favorite-long shot bias involve comparisons of the subjective and objective probabilities between groups of horses.
Efficiency in pari-mutuel betting markets across wagering pools in ... by Owens, Douglas H. / Southern Economic Journal
Previous gambling research has demonstrated that more accurate estimates of probabilities can be taught to participants, yet without specific training these estimates will deviate substantially from objective probabilities (Dixon, 2000).
Utilizing a computerized video poker simulation for the collection of ... by Dixon, Mark R.; Schreiber, James B. / The Psychological Record
The divergence between subjective and objective probabilities can cause trouble.
Fear and the regulatory model of counterterrorism by Posner, Eric A. / Harvard Journal of Law & Public Policy
 
 
 
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