8
votes
2answers
236 views

Why do we want probabilities to be *countably* additive?

In probability theory, it is (as far as I am aware) universal to equate "probability" with a probabilistic measure in the sense of measure theory (possibly a particularly well behaved measure, but ...
3
votes
3answers
168 views

Intuition behind independence & conditional probability

This is a basic question. I have a good intuition that $A$ is independent of $B$ if $P(A \vert B) = P(A)$, and see how you can easily derive from this that it must hold that $P(A,B) = P(A)P(B)$. ...
3
votes
2answers
630 views

Why do we need (the abstract concept of) random variables (in discrete probability models)?

What we defined: Suppose we have a (discrete) probability model $\left(\Omega,P\right)$, where $P$ is the probability function (at least, that was the way it was introduced in a course I took; that ...
0
votes
2answers
89 views

Interpretation of condition on positive random variable

Let $W$ be a random variable such that $\mathbb{P}(W > 0) = 1$ and $\mathbb{E}(W) = 1$. Is there an interpretation or motivation for the condition $$\mathbb{E}(W \log (W) ) < c$$ where $c \in ...