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Although there are already important studies that make use of subjective probabilities to explain economic behavior, a large proportion of the literature to date has focused on assessing the properties of the elicited information and establishing its validity.
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Some work has also been done on using expected survival probability to explain economic behaviour.
When Carson says that scientists rely on "probability theory" to explain how multiple Big Bangs, taking place over "billions of years," have resulted in our "perfectly ordered" universe, he's profoundly misstating the theory of the Big Bang.
For example, a formal epistemologist might use probability theory to explain how scientific reasoning works.
These impediments (such as var switching, low survival probabilities) appear substantial to explain the genetic field data that resistance to chloroquine and sulphadoxine pyrimthamine arises rarely (Hastings 2004).
The results of the multivariate analysis are presented as odds ratios and where there are significant interactions, estimated probabilities are used to explain the interaction effects.
Before we derive the mathematical formula for the above probability, we need to explain the term "enriched".
If the model with an effect of change probability fits better than the model without, we conclude that a change probability effect is necessary to explain the data and, thus, that change probability has an effect on guessing biases.
As his work proceeded Carnap tended to explain probabilities by reference to events and propositions rather than speak overtly about sentences.
We suppose the random variables being considered are defined on a probability space ((Omega,mathcal {F},P)) for a base probability P. In order to explain comonotone additivity, we first note that two random variables X,Y are said to be comonotone if, for example, one is a monotone increasing function of the other.
However, the examples given here clearly demonstrate that the probability to causally explain some incongruities between different data sets, as well as the correction of certain obvious misplacements, is enhanced by using more complex but realistic models.
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