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islandboy
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Joined: December 21st, 2005, 4:35 pm

equivalent probabilities

March 25th, 2007, 5:09 pm

Given a probability space, how do I find the family of all equivalent probabilities on the space?For example,let the discrete random variable X have uniform probability equal to 1/3, taking values 10, 2, and -3. the r.v. is represented on the finite probability space = {1, 2, 3}. How do I find the family of all equivalent probabilties?I am not looking for an outright answer. Hints and a sense of direction would be gretaly appreciated. Assume I am a newbie to math fin