WE do not make a general statement to the effect that subjective probabilities in all situations diminish with increase in age, but merely refer to the subjective probability of winning the uncertain ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

New research uncovers why an increase in probability feels riskier than a decrease. The research falls under the realm of subjective probability, also known as likelihood or risk. While past research ...

Subjective Probability In the course of their daily lives men must constantly measure the probability of events. How these personal judgements conform to the actual laws of probability is investigated ...

Roth, A. E., and F. Schoumaker. "Subjective Probability and the Theory of Games: Some Further Comment." Management Science 29, no. 11 (November 1983): 1337–1340.

A key central tenet of decision theory is that decomposing an uncertain event into sub-events should not change the overall probability assigned to that uncertain event. As we show, both quantum ...