probability - Concepts

Explore concepts tagged with "probability"

Total concepts: 5

Concepts

Category Size Bias - The tendency to believe that outcomes belonging to a larger category are more likely than those in smaller categories.
Statistical Distributions - Mathematical functions describing the probability of different outcomes, forming the foundation of statistical analysis and decision-making.
Conjunction Fallacy - The formal fallacy of assuming that a conjunction of two events is more probable than either event alone.
Bayesian Decision Theory - A normative framework for making optimal decisions under uncertainty by combining prior beliefs with observed evidence through probability theory and utility functions.
Subadditivity Effect - The tendency to judge the probability of an event as less than the sum of its parts, or to estimate that the parts of a category are greater than the whole.