Propensity probability in the context of Bayesian probability

Climate change vulnerability is a concept that describes how strongly people or ecosystems are likely to be affected by climate change. Its formal definition is the "propensity or predisposition to be adversely affected" by climate change. It can apply to humans and also to natural systems (or ecosystems). Issues around the capacity to cope and adapt are also part of this concept. Vulnerability is a component of climate risk. It differs within communities and also across societies, regions, and countries. It can increase or decrease over time. Vulnerability is generally a bigger problem for people in low-income countries than for those in high-income countries.

Higher levels of vulnerability will be found in densely populated areas, in particular those affected by poverty, poor governance, and/or conflict. Also, some livelihoods are more sensitive to the effects of climate change than others. Smallholder farming, pastoralism, and fishing are livelihoods that may be especially vulnerable. Further drivers for vulnerability are unsustainable land and ocean use, marginalization, and historical and ongoing patterns of inequity and poor governance.

The word "probability" has been used in a variety of ways since it was first applied to the mathematical study of games of chance. Does probability measure the real, physical, tendency of something to occur, or is it a measure of how strongly one believes it will occur, or does it draw on both these elements? In answering such questions, mathematicians interpret the probability values of probability theory.

There are two broad categories of probability interpretations which can be called "physical" and "evidential" probabilities. Physical probabilities, which are also called objective or frequency probabilities, are associated with random physical systems such as roulette wheels, rolling dice and radioactive atoms. In such systems, a given type of event (such as a die yielding a six) tends to occur at a persistent rate, or "relative frequency", in a long run of trials. Physical probabilities either explain, or are invoked to explain, these stable frequencies. The two main kinds of theory of physical probability are frequentist accounts (such as those of Venn, Reichenbach and von Mises) and propensity accounts (such as those of Popper, Miller, Giere and Fetzer).