👉 Mathematical possibility, often discussed in the context of probability and decision theory, refers to the likelihood that a particular outcome will occur under certain conditions. Unlike statistical probability, which measures the frequency of an event over repeated trials, mathematical possibility is a more abstract concept that deals with the inherent feasibility or potential of an event to happen, irrespective of past occurrences. For example, it might be mathematically possible for a coin to land heads up 100 times in a row, even though the probability of this happening is extremely low. This concept is crucial in fields like game theory, artificial intelligence, and risk assessment, where understanding the potential for various outcomes informs decision-making processes.
