Title: Conditional Probability and Conditional Expectation
Abstract: One of the most useful concepts in probability theory is that of conditional probability and conditional expectation. The reason is twofold. First, in practice, we are often interested in calculating probabilities and expectations when some partial information is available; hence, the desired probabilities and expectations are conditional ones. Secondly, in calculating a desired probability or expectation it is often extremely useful to first "condition" on some appropriate random variable.
Publication Year: 2023
Publication Date: 2023-07-14
Language: en
Type: book-chapter
Indexed In: ['crossref']
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