Probability theory only makes sense in the context of

  • Fully observable
  • Discrete
  • Fully deterministic

system such as a coin, dice or a deck of cards.

In this context probability is nothing but a partitioning - bucket-sorting of proven to be possible well-defined and fully-determined events with "buckets" of different "size".

Applied to cards or roulette wheels (or game theory in general) it shines. Applied to a weather forecasting (or financial markets) it is a modern astrology.

Last modified 12 months ago Last modified on Dec 23, 2019, 9:13:02 AM
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