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Preferred term

probability  

Definition

  • Probability plays several crucial roles in science: Analysis of statistical data, modeling of both physical and social systems (e.g., rational choice models in economics), and risk analysis would all be impossible without it. The subject has mathematical, metaphysical, and epistemological aspects. [Source: Encyclopedia of Philosophy and the Social Sciences; Probability]

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https://concepts.sagepub.com/social-science/concept/probability

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