Probability Axioms (Kolmogorov Axioms)ΒΆ
Let the set of all possible outcomes of an experiment be \(\Omega\), and let events be defined as measurable subsets, \(\omega\subset\Omega\). Then a measure \(\mu:2^{|\Omega|}\mapsto\mathbb{R}\) is called a probability measure iff
Non-negativity: \(\mu(\omega)\ge 0\) for any \(\omega\subset\Omega\).
Unitarity: \(\mu(\Omega)=1\).
\(\sigma\)-Additivity: For \(A_1,A_2,\cdots\subset\Omega\) such that \(A_i\cap A_j=\emptyset\) for \(i\neq j\)
\[\mu(\bigcup_{i=1}^\infty A_i)=\sum_{i=1}^\infty \mu(A_i).\]
Tip
It is customary to represent probability measure as \(\mathbb{P}\).