A short review of subjective probabilities

Armen Allahverdyan

Yerevan Physics Institute

14:00, Saturday, 5 April 2014

(YSU, Physics Faculty, room 326)

Abstract: The everyday usage of probabilities as "degrees of belief" (or plausibility) of events can be formalized via a certain type of rational economic activity. I shall shortly review this theory and stress its advantages with respect to the formal probability theory.