Unlocking the Power of Conditional Expectation: Changing the Game of Probability
The concept of conditional expectation is discussed in the article. It extends the idea of conditional probability to include a whole family of events, not just one. Conditional probability considers how one event affects the likelihood of another event happening. The article defines conditional expectations and their properties, showing how they can be seen as an orthogonal projection. It also explores the relationship between conditional expectation and independence.