Judged: two independent readers; copy check clear.
subjective probability
subjective probability Subjective probability is mere likelihood as judged from one’s state of knowledge, especially when different supposed cases are treated as equally possible because no reason is seen to favor one over another.
Subjective probability is mere likelihood as judged from one’s state of knowledge, especially when different supposed cases are treated as equally possible because no reason is seen to favor one over another. In this historical source it is contrasted with objective probability, which is tied to the long-run proportion of events in experience.