List of terms

    Aleatoric uncertainty

    Definition

    Variability in outcomes due to unknowable or inherently random factors. The stochastic component of outcome uncertainty that cannot be reduced through additional sources of information. For example, when flipping a coin, uncertainty about whether it will land on heads or tails.

    Reference:

    Originally drafted by: Bradley Baker

    Reviewed by: Nihan Albayrak-Aydemir, Brett Gall, Magdalena Grose-Hodge, Bethan Iley, Charlotte R. Pennington

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