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The probability that this coin will land heads up is 1 2. In the Bayesian viewpoint, the probability of an event A, ( ) p A, represents the long run frequency of event a in repeated experiments. The usual rules for manipulating probabilities apply to subjective probabilities.
The probability that this coin will land heads up is 1 2. In the Bayesian viewpoint, the probability of an event A, ( ) p A, represents the long run frequency of event a in repeated experime…