Whatever the answers, we would still need to define what an objective probability actually is. Many attempts have been made to do this over the years, but they all seem either flawed or limited.

As a practical matter, the line between objective and subjective probability can get very blurred; the last link includes a section on "Objective and subjective Bayesian probabilities." Reply Like (1) ...

If the probability of success is low, we might look to another location that has a potentially high likelihood. However, depending on the values-at-risk assessment, locations might be selected ...

Case in Point: Analyzing objectives, outcomes and risks can avoid decision stalemates. August 20, 2011. By Samuel E. Bodily.

It's more useful when a CISO quantifies the probability and potential cost of the risk, such as, "There's a 20% probability of a cloud security incident that would cost $5 million." ...

50% greater probability of achieving objectives with goal-based investing compared to traditional private wealth management approach. GlobeNewswire . Wed, Nov 12, 2014, 8:57 AM.