Probability Theory: Imperfect Observations

Nicholas L. Georgakopoulos ()
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Nicholas L. Georgakopoulos: Indiana University

Chapter Chapter 8 in Illustrating Finance Policy with Mathematica, 2018, pp 113-150 from Palgrave Macmillan

Abstract: Abstract Our full of uncertainty world requires policy analysis to be sensitive to probability theory. This chapter discusses some basic concepts and paradoxes of probability theory and expands to a discussion of an analysis of weak DNA evidence and the error rate of the legal system.

Keywords: Binomial distributionBinomial Distribution; Alternative Suspects; Plea Bargaining; True Perpetrator; Color Paradox (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:qpochp:978-3-319-95372-4_8

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DOI: 10.1007/978-3-319-95372-4_8

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