Abstract
In the previous chapter, we introduced conditions that a function P has to satisfy in order to be called probability, see Definition 1.2. The probability function is then used as a measure of the chances that a statement about an outcome of an experiment is true. This measure is intended to help in decision making in situations with uncertain outcomes. In order to be able to model uncertainties in a variety of situations met in risk analysis, we need to further elaborate on the notion of probability. The following four common usages of the concept of probability are discussed in this chapter:
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CITATION STYLE
Rychlik, I., & Rydén, J. (2006). Probabilities in Risk Analysis. In Probability and Risk Analysis (pp. 21–48). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-540-39521-8_2
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