All the Probabilities you need for CFA Level 1

Welcome back to the Finance & Risk Corner!

In this video, we embark on a journey through a crucial CFA Level I concept: Probabilities. We'll explore the diverse world of probabilities, including unconditional, conditional, joint probabilities, and the probability of either of two events occurring. As we unravel these seemingly intricate topics, you'll come to understand their profound implications and how they are interconnected.

With practical examples and step-by-step calculations, we'll simplify each type of probability, equipping you with the knowledge to calculate them effortlessly.

But that's not all! We'll also venture into more advanced probability applications, including the Bayes formula. Through three distinctive examples, we'll demystify this concept and address a common challenge faced by CFA Level I candidates: When and how to use the Bayes formula. You'll also grasp the essence of Bayesian analysis and its application in an investment context and beyond.

📘 CFA Level I Curriculum Reference:
Topic: Quantitative Methods
Section: Probability Trees and Conditional Expectations

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[williamwallace]

I challenge any financial expert to explain heavy concepts such as the Bayes formula better than the author.
He is also capable to teach it from different angles to make sure we grasp it as best as possible.
Hats down Jad.

[Joseph-twc]

Hello, Please keep going to provide clear and helpful videos like those. I sincerely looking forward to watch the next one! Great job teacher

[hwangyungmin]

Good video! Instantly draw me in from the first 30 seconds. Please continue doing such quality videos