Subjective probability: Subjective probability is the probability of an event occurring based on a person's personal beliefs or judgments. It is also known as Bayesian probability. - Objective probability is the probability of an event occurring based on historical data or mathematical equations. It is also known as frequentist probability. See also Probability, Bayesianism, Chance, Randomness, Likelihood, Knowledge, Multi-valued Logic._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |