Probability Axioms

Probability Axioms

In probability theory, the probability P of some event E, denoted, is usually defined in such a way that P satisfies the Kolmogorov axioms, named after the famous Russian mathematician Andrey Kolmogorov, which are described below.

These assumptions can be summarised as: Let (Ω, F, P) be a measure space with P(Ω)=1. Then (Ω, F, P) is a probability space, with sample space Ω, event space F and probability measure P.

An alternative approach to formalising probability, favoured by some Bayesians, is given by Cox's theorem.

Read more about Probability Axioms:  First Axiom, Second Axiom, Third Axiom, Proofs, More Consequences

Famous quotes containing the words probability and/or axioms:

    Only in Britain could it be thought a defect to be “too clever by half.” The probability is that too many people are too stupid by three-quarters.
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