A Definition of Subjective Probability

  • Anscombe F
  • Aumann R
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Abstract

... In this paper we are concerned with the personal or subjective concept of probability , as considered by Ramsey [13] and Savage [14]. Probabilities and utilities are defined in terms of a person's preferences, in so far as these preferences satisfy certain consistency assumptions. ...

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APA

Anscombe, F. J., & Aumann, R. J. (1963). A Definition of Subjective Probability. The Annals of Mathematical Statistics, 34(1), 199–205. https://doi.org/10.1214/aoms/1177704255

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