Objective probability


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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.
References in periodicals archive ?
Not surprisingly, large gaps in the objective probability of college completion exist by the time students reach the 10th grade and these would need to be addressed with earlier interventions.
306) If this is meant as an objective probability concept, it suffers all the same flaws as it does in the probable cause context.
of the objective probability of the occurrence of E with respect to the conditions [S.
However, three justices either dissented or requested further briefing on the application of Caperton to these facts and the potential for an objective probability of bias.
In fact the objective probability of Carol surviving is zero if Batman chooses the larger group.
Mermin argues that, in the context of IIQM, it is possible to make sense of quantum mechanics conditional on eventually making sense of the notion of objective probability --as stipulated by requirement (6) of section 3.
s] than the objective probability due to the "overconfidence effect" (Griffin and Varey, 1996, Dunning et al.
t] of the risk neutral probability Q with respect to the objective probability P by [[xi].
The traditional explanation of this paradox, based on the probability-threshold model of jury decision-making, is that jurors simply do not understand circumstantial evidence and thus routinely underestimate its effect on the objective probability of the defendant's guilt.
And, even in physics, statistical fluctuations as seen in the theory of gases developed by Clausus, Maxwell and Boltzman are now modeled by a mix of Newton's calculus and objective probability rendering relatively evident the behavior of all gaseous material.
Mortality probabilities are one example of an objective probability as are other actuarial data such as number of accidents.
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