Subjective probability is a type of probability derived from an individual's personal judgment about whether a specific outcome is likely to occur.

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In this note we wish to pass along an example that we have found useful when introducing the concepts of conditional probability and Bayes' Rule to undergraduate students. The advantages of this ...

In this paper we focus on robust linear optimization problems with uncertainty regions defined by 𝜙-divergences (for example, chi-squared, Hellinger, Kullback—Leibler). We show how uncertainty ...