018 - on the relative frequency approach

[intoinfinity]

While the relative frequency approach depends upon the fact that an experiment can be repeated under identical conditions, probabilities can be assigned to other situations by treating them as a rational measure of belief.

Thus if one truly believes that an event, E has a probability of occuring one in two times, and we assume that that is true

Comments

[life_in_stereo_]

...You gonna go stiff Vegas, Byakuya?

[intoinfinity]

I doubt that any "stiffing" will be occuring, Kurosaki. It is purely a mathematical exercise.

[life_in_stereo_]

An exercise in probability and...earnin' money? SEMANTICS!

[intoinfinity]

I feel that there would be large losses at first until we really figure out the new mathematics of the game.

[sismarysunshine]

I have one of those green visor things if you wanna borrow it! It could totally help.

[intoinfinity]

... That is quite all right. I do not need one.