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What is a subjective approaches?

Updated: 9/17/2019
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13y ago

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A Subjective Approach, is when the outcomes do not have the same probability of occurrence.

For example you have 90% (0.9) to pass your exam, therefore you have 10%(0.1) to fail.

The probability of failing and passing is different so the above example is an example of a subjective approach.

In oppose to Classical approach where all outcome have the same likeliness of happing. Example: Flipping a coin 50% for both Heads and Tails.

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14y ago
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