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objective probabilities
(redirected from Objective probability)

    Also found in: Financial 0.01 sec.
objective probabilities [əb′jek·tiv ‚präb·ə′bil·əd·ēz]
(statistics)
Probabilities determined by the long-run relative frequency of an event. Also known as frequency probabilities.
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27) Using Reyna (2004) terminology, the objective probability distribution is not captured as part of the "gist" of the problem; Reyna uses similar ideas to explain the "base-rate neglect.
The neglect of correlation in allocation decisions by Kallir, Ido; Sonsino, Doron / Southern Economic Journal
It seems even more attractive when you consider that, if you know enough about the horses to assess their objective probability of winning, you might reasonably be in a position to select a small number in each race that will give you a better than 50 per cent chance of getting each leg right.
Why racing knowledge gives you a tremendous edge compared with ... by The Racing Post (London, England)
s] than the objective probability due to the "overconfidence effect" (Griffin and Varey, 1996, Dunning et al.
Low flu shot rates puzzle--some plausible behavioral explanations by Shahrabani, Shosh; Gafni, Amiram; Ben-Zion, Uri / American Economist
 
 
 
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