Coherence (philosophical gambling strategy)
In a thought experiment proposed by the Italian probabilist Bruno de Finetti in order to justify Bayesian probability, an array of wagers is coherent precisely if it does not expose the wagerer to certain loss regardless of the outcomes of events on which they are wagering, even if their opponent makes the most judicious choices.
| Part of a series on |
| Bayesian statistics |
|---|
| Posterior = Likelihood × Prior ÷ Evidence |
| Background |
| Model building |
| Posterior approximation |
| Estimators |
| Evidence approximation |
| Model evaluation |
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