Stephen Woodcock does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Objective probability estimates the odds of an event occurring through data analysis. It uses concrete measures instead of guesses to provide a reliable forecast.

THE subject of probability originated in the consideration of actual but trivial problems. Its obvious attractions as a field for the exercise of mathematical ingenuity soon gave it a predominantly ...