DiscoverThe Logic of RiskLOR4: The classical definition of probability
LOR4: The classical definition of probability

LOR4: The classical definition of probability

Update: 2025-01-25
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In this episode, we provide an introduction to probability by exploring the classical definition, a concept rooted in the Renaissance and often used for pedagogical purposes. While historically significant, it has limitations in real-life applications.
We'll also delve into key concepts in probability theory, including the sample space, event space, mutually exclusive events, and independence.
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LOR4: The classical definition of probability

LOR4: The classical definition of probability

Pasquale Cirillo