You must log in to edit PetroWiki. Help with editing

Content of PetroWiki is intended for personal use only and to supplement, not replace, engineering judgment. SPE disclaims any and all liability for your use of such content. More information


Glossary:Bayes' theorem

PetroWiki
Jump to navigation Jump to search

A two-part theorem relating conditional probability to unconditional (prior) probability, used in value of information problems but also important to acknowledge when estimating probabilities for geologically dependent prospects.