For me, when a question focuses on an existing state of the physical world and can be evaluated with repeated observations using clearly applicable probability models, the methods of objective probability
are a natural fit.
As Wilkinson 1 points out, the objective probabilities do not apply to the research hypotheses because these have no associated population to which an objective probability
can be applied.
255) Standards of proof in the area of probable cause can therefore not be rejected on the theory that they will distort objective probability
judgments because such judgments are in fact not being made.
99) Therefore, the objective probability
of bias that emerged from this set of facts required the recusal of Justice Benjamin as a matter of due process.
The empirical consequence is that, for the same objective probability
of winning, an unraced 2-year-old horse would be set at lower odds (i.
but he cannot afford each a two-thirds objective probability
of surviving at 1 p.
s] than the objective probability
due to the "overconfidence effect" (Griffin and Varey, 1996, Dunning et al.
As a supplement to Bernoulli's Theorem, Bayes work looks like nothing more than a contribution to objective probability
Galileo and Kepler used the language of objective probability
about the way evidence supported their theories, and in the last hundred years a number of books have filled out the theory of logical probability--Keynes's Treatise on Probability (the great work of his youth, before he went on to easier pickings in economics), D.
The actual objective probability
of winning on the type of bets all subjects made throughout the experiment was 11%
8) In Equation (10), the state price replaces the objective probability
in Equation (8), and the right-hand side of equation (10) has an additional adjustment for the time value of money involved in carrying costs.
A significant difference between subjective and objective probability
for a group indicates mispricing and market inefficiency.