Sentence examples for nature of probability from inspiring English sources

The unfortunate nature of probability is that the true probability of an event taking place is equal to the product (not the average) of the underlying probabilities.

Since the predictions of economics are couched in the nature of probability statements, there can be no such thing as a conclusive, once-and-for-all test of an economic hypothesis.

As a part of the current debate on the nature of probability in measurement, this result provides a way for overcoming the traditional opposition between Bayesian and orthodox statistics.

We will also steer clear of the philosophical debate over the exact nature of probability.

Intimately familiar with the history of economic thought and widely read in many fields, producing a major treatise on the nature of probability alongside his famous General Theory of Employment, Interest and Money and a host of penetrating essays, Keynes had a depth of culture that few economists could claim today.

"As Aristotle said, 'It is the nature of probability that improbable things will happen.'" Stephanie Betit says that a few people responded to her Atlasphere profile, "but it just didn't seem like they were wholeheartedly understanding all of the principles of objectivism, and living their life that way". Jamie Hancock, however, was the real deal, she says.

Berkovitz (1998b, section 3.2, 2002, section 4) argues that Arntzenius's line of reasoning fails because it is based on untenable assumptions about the nature of probabilities in closed causal loops assumptions that are very natural in linear causal situations (where effects do not cause their causes), but untenable in causal loops.

However, in some contexts it proves useful to include a second stage that simulates the realization of a specific outcome in order to help the user better understand the nature of probabilities.

The principal virtue GRW would bring to the situation, Albert thinks, is that it would solve or bypass various troubles involving the nature of probabilities in statistical mechanics.

Fontaine exploits the counterintuitive nature of probabilities to show how choice could serve a complex recursive function in terms of process.

And, similarly to Arntzenius's argument, Maudlin's argument also rests on untenable assumptions about the nature of probabilities in causal loops (for a further discussion of Maudlin's and Berkovitz's arguments and, more generally, the prospects of Cramer's theory, see Kastner 2004).