Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game.This is an example of
A)an objective probability.
B)a subjective probability.
C)a risk-averse statement.
D)Friedman-Savage preferences.

Question

Quizplus · Accepted Answer

The statement made by Dimitre is a subjective probability since it is based on his personal belief and perception rather than objective data or statistical analysis.

Your Friend Dimitre Tells You That He Thinks That His