Imprecise Probability - Mathematical Models

Mathematical Models

So, the term imprecise probability—although an unfortunate misnomer as it enables more accurate quantification of uncertainty than precise probability—appears to have been established in the 1990s, and covers a wide range of extensions of the theory of probability, including:

  • previsions
  • lower and upper probabilities, or interval probabilities
  • belief functions
  • possibility and necessity measures
  • lower and upper previsions
  • comparative probability orderings
  • partial preference orderings
  • sets of desirable gambles
  • p-boxes
  • robust Bayes methods

Read more about this topic:  Imprecise Probability

Famous quotes containing the words mathematical and/or models:

    The circumstances of human society are too complicated to be submitted to the rigour of mathematical calculation.
    Marquis De Custine (1790–1857)

    French rhetorical models are too narrow for the English tradition. Most pernicious of French imports is the notion that there is no person behind a text. Is there anything more affected, aggressive, and relentlessly concrete than a Parisan intellectual behind his/her turgid text? The Parisian is a provincial when he pretends to speak for the universe.
    Camille Paglia (b. 1947)