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Learn more about probability - and so much more - at http://www.brilliant.org/treforbazett. My thanks to Brilliant for sponsoring today's video. Check out my MATH MERCH line in collaboration with Beautiful Equations ►https://www.beautifulequation.com/pag... What, exactly, is probability? In this video we will see a few different perspectives on chance, the classical or a priori viewpoint, the frequentist or empirical viewpoint, and finally the Bayesian or subjective viewpoint. We're even going to consider the game of chess, what appears to be overwhelmingly a game of skill, but which the limits of our bounded rationality still results in probabilistic elements. 0:00 Intro to Probability 0:50 Classical Probability 2:09 Frequentist Probability 5:18 Bayesian Probability 7:14 Is Chess a game of chance? 11:05 Underestimate the role of chance 11:47 Brilliant.org/treforbazett Classical Probability: This is when we have a finite set of equally likely possibilities, and thus the probability of an event A is just the number of times A occurs out of all the possibilities. This is great when we know everything about a situation like a normal deck of cards. Frequentist Probability: This is when we do emperical studies and see how frequently event A occurs, particularly in the limit as we do a large number of studies. This is great when we don't know a priori exactly what is going on like some deck with an unknown number of cards removed, but the downside is we need to be able to do a large number of trials. Bayesian Probability: This is when we begin with a prior probability and when we gain new information we update our worldview (often using Bayes' Theorem) to get a posterior probability. This viewpoint is subjective because you and I may get different results given different information and different even if we had the same prior probability. COURSE PLAYLISTS: ►DISCRETE MATH: • Discrete Math (Full Course: Sets, Log... ►LINEAR ALGEBRA: • Linear Algebra (Full Course) ►CALCULUS I: • Calculus I (Limits, Derivative, Integ... ► CALCULUS II: • Calculus II (Integration Methods, Ser... ►MULTIVARIABLE CALCULUS (Calc III): • Calculus III: Multivariable Calculus ... ►VECTOR CALCULUS (Calc IV) • Calculus IV: Vector Calculus (Line In... ►DIFFERENTIAL EQUATIONS: • Ordinary Differential Equations (ODEs) ►LAPLACE TRANSFORM: • Laplace Transforms and Solving ODEs ►GAME THEORY: • Game Theory OTHER PLAYLISTS: ► Learning Math Series • 5 Tips To Make Math Practice Problems... ►Cool Math Series: • Cool Math Series BECOME A MEMBER: ►Join: / @drtrefor MATH BOOKS & MERCH I LOVE: ► My Amazon Affiliate Shop: https://www.amazon.com/shop/treforbazett SOCIALS: ►Twitter (math based): / treforbazett ►Instagram (photography based): / treforphotography