Discussion on Week 10 topics

What is the significance of the Kolmogorov axioms?

What is the significance of the Kolmogorov axioms?

by Faysal Ahammed -
Number of replies: 0

The Kolmogorov axioms are technically useful in providing an agreed notion of what is a completely specified probability model within which questions have unambiguous answers. This eliminates cases like Bertrand's paradox which is simply an ambiguously defined model.