Possibility Theory As An Imprecise Probability Theory
There is an extensive formal correspondence between probability and possibility theories, where the addition operator corresponds to the maximum operator.
A possibility measure can be seen as a consonant plausibility measure in Dempster–Shafer theory of evidence. The operators of possibility theory can be seen as a hyper-cautious version of the operators of the transferable belief model, a modern development of the theory of evidence.
Possibility can be seen as an upper probability: any possibility distribution defines a unique set of admissible probability distributions by
This allows one to study possibility theory using the tools of imprecise probabilities.
Read more about this topic: Possibility Theory
Famous quotes containing the words possibility, theory, imprecise and/or probability:
“I sincerely hope that the incoming Congress will be alive, as it should be, to the importance of our foreign trade and of encouraging it in every way feasible. The possibility of increasing this trade in the Orient, in the Philippines, and in South America is known to everyone who has given the matter attention.”
—William Howard Taft (18571930)
“The theory of the Communists may be summed up in the single sentence: Abolition of private property.”
—Karl Marx (18181883)
“... nothing is more human than substituting the quantity of words and actions for their character. But using imprecise words is very similar to using lots of words, for the more imprecise a word is, the greater the area it covers.”
—Robert Musil (18801942)
“Crushed to earth and rising again is an authors gymnastic. Once he fails to struggle to his feet and grab his pen, he will contemplate a fact he should never permit himself to face: that in all probability books have been written, are being written, will be written, better than anything he has done, is doing, or will do.”
—Fannie Hurst (18891968)