A DEFINITION OF SUBJECTIVE PROBABILITY

Abstract

Personal or subjective concept of probability is considered. Probabilities and utilities are defined in terms of a person's preferences, in so far as these preferences satisfy certain consistency assumpti ns. The person's probabilities are defined in terms of chances, by an extension of the von Ne mann-Morgenstern theory (Princeton Univ. Press 2nd ed.; Chap. 3 and Appendix, 1947). (Author)

Document Details

Document Type
Technical Report
Publication Date
Aug 16, 1961
Accession Number
AD0264036

Entities

People

  • F.j. Anscombe
  • R.j. Aumann

Organizations

  • Princeton University

Tags

DTIC Thesaurus Topics

  • Consistency
  • Probability

Readers

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