Yong-Gang Lu

One Probability, Two Roles: The Separation of Coherence and Frequency in Adaptive Regimes

Probability plays two distinct roles in modern data-analytic practice: (i) as an internally coherent, filtration-relative language for sequential forecasting and, together with a stated loss or utility, decision making; and (ii) as a foundation for empirical claims such as stabilization, calibration, and repeated-sampl...