In the Nomenclature of Bayes' Rule, Which of the Following

question 12

Multiple Choice

In the nomenclature of Bayes' Rule, which of the following are probabilities that are conditioned on information that is obtained?

• A) Prior probabilities
• B) Posterior probabilities
• C) Marginal probabilities
• D) Objective probabilities
• E) Subjective probabilities

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Definitions:

Prisoners' Dilemma

A scenario in game theory where individuals acting in their own self-interest pursue a course of action that does not result in the ideal outcome for any participant.

Maximin Strategy

A decision rule used in game theory and decision theory aiming to maximize the minimum payoff.

Dominant Strategies

A strategy in game theory that yields the best outcome for a player, no matter what the other players do.

Pollute

To contaminate the natural environment with harmful or poisonous substances, adversely affecting air, water, soil, and ecosystems.