equal probability
21Conditioning (probability) — Beliefs depend on the available information. This idea is formalized in probability theory by conditioning. Conditional probabilities, conditional expectations and conditional distributions are treated on three levels: discrete probabilities,… …
22Glossary of probability and statistics — The following is a glossary of terms. It is not intended to be all inclusive. Concerned fields *Probability theory *Algebra of random variables (linear algebra) *Statistics *Measure theory *Estimation theory Glossary *Atomic event : another name… …
23Standard probability space — In probability theory, a standard probability space (called also Lebesgue Rokhlin probability space) is a probability space satisfying certain assumptions introduced by Vladimir Rokhlin in 1940 [1] . He showed that the unit interval endowed with… …
24Characteristic function (probability theory) — The characteristic function of a uniform U(–1,1) random variable. This function is real valued because it corresponds to a random variable that is symmetric around the origin; however in general case characteristic functions may be complex valued …
25Coverage probability — In statistics, the coverage probability of a confidence interval is the proportion of the time that the interval contains the true value of interest.[1] For example, suppose our interest is in the mean number of months that people with a… …
26Joint probability distribution — In the study of probability, given two random variables X and Y that are defined on the same probability space, the joint distribution for X and Y defines the probability of events defined in terms of both X and Y. In the case of only two random… …
27Imprecise probability — The notion of Imprecise probability is used as a generic term to cover all mathematical models which measure chance or uncertainty without sharp numerical probabilities. It includes both qualitative (comparative probability, partial preference… …
28Down Transition Probability — The probability that an asset s value will decline in one period’s time within the context of an option pricing model. The option pricing models using a down transition probability are both the binomial and trinomial option pricing models.… …
29Copula (probability theory) — In probability theory and statistics, a copula can be used to describe the dependence between random variables. Copulas derive their name from linguistics. The cumulative distribution function of a random vector can be written in terms of… …
30Conditional probability — The actual probability of an event A may in many circumstances differ from its original probability, because new information is available, in particular the information that an other event B has occurred. Intuition prescribes that the still… …
