How do these realms work with roulette results?
Is there any situation where it is applied?
I believe that Bayes´s theorem rules work with subjective probability.
Toby (You're not Toby Keith, are you?)
Could you please explain "subjective probability"? To me "subjective" means purely personal as in, "I don't feel Obama loves me". That is a purely subjective statement. Probability is what it is. How can it be subjective?
TwoCat
Bayes has placed a link to understand what Bayes¨s theorem is about.
The horse races example clarify the rule.
We need a roulette example.
Anyone knows the relation between Bayes Theorem and the multinomial Dirichlet distribution applied to roulette result predicctions?