The Sure-Thing Principle

DSA ADS Course - 2021

The Sure-Thing Principle, Causal Reasoning, Data-Driven Decision-Making, Algorithm Decision Making, Applied Probability

Discuss applied probability, causal reasoning and types of decision making processes. Apply to both traditional algorithms and machine learning algorithms in decision making processes.

See also: The Sure Thing

The Sure-Thing Principle - 2016


In 1954, Jim Savage introduced the Sure Thing Principle to demonstrate that preferences among actions could constitute an axiomatic basis for a Bayesian foundation of statistical inference. Here, we trace the history of the principle, discuss some of its nuances, and evaluate its significance in the light of modern understanding of causal reasoning.

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