Bayes' Theorem
In the first part of this post, we talked about the motivations behind the epistemic interpretation of probability. Now, let’s take a look at one of the core mathematical theorems employed by those who subscribe to such an interpretation: Bayes’ Theorem (which is mentioned by Fitleson in Ep. 31). Before introducing Bayes’ Theorem, it is important to get clear on one last concept: conditional probability. The basic idea behind conditional probabilities is that we offer the probability that some event occurs, given that something else is true....