conditional probability

conditional probability
Term for the probability of one event given, or conditional upon another. The process of conditionalizing is one of taking the probability of an event e' occurring after another event e has occurred, to have the value that the conditional probability of e' upon e was, before e occurred. Personalist theories of probability justify the process as required by coherence over time. The view that the process is central to rational belief formation and modification is characteristic of the Bayesian school of statistics. See also Adams's thesis, Dutch book.

Philosophy dictionary. . 2011.

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