Law of total probability and Bayes' theorem in Riesz spaces

Abstract

This note generalizes the notion of conditional probability to Riesz spaces using the order-theoretic approach. With the aid of this concept, we establish the law of total probability and Bayes' theorem in Riesz spaces; we also prove an inclusion-exclusion formula in Riesz spaces. Several examples are provided to show that the law of total probability, Bayes' theorem and inclusion-exclusion formula in probability theory are special cases of our results.