Probability & Statistics · Probability
Conditional Probability & Bayes
How to update beliefs with evidence. Conditional probability, the law of total probability, Bayes' theorem, base rates and the medical-test paradox, odds form with likelihood ratios, and why traders and doctors both need this.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Probability rules. Next: Random variables & expectation. Follows 3Blue1Brown's Bayes videos, Harvard Stat 110 ch. 2 and Tetlock's *Superforecasting* on updating.Next: 1. Conditional probability