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    YouTube T2-3a Summary of joint vs unconditional vs conditional probability

    @David Harper CFA FRM . Thanks for the explanation. I think I understand now... :-)
  2. C

    YouTube T2-3a Summary of joint vs unconditional vs conditional probability

    I understand mathematically why the conditional PD will be higher than the unconditional PD. But I have a hard time understanding WHY this is the case intuitively. For example, in mortality tables, your probability of dying in the next year if you reach 40 years old (i.e. conditional...
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