Kolmogorov's first axiom of probability is probability takes values between 0 and 1; however, in Cox's derivation of probability having a maximum value of unity is arbitrary since he derives probability as a tool to rank degrees of plausibility. Probability can then be used to make inferences in instances of incomplete information, which is the foundation of Baysian probability theory. This article formulates a rule, which if obeyed, allows probability to take complex values and still be...

Topics: Data Analysis, Statistics and Probability, Probability, Quantum Physics, Physics, Mathematics

Source: http://arxiv.org/abs/1612.00494