Glossary

Step 2: Estimate the likelihoods.

P(B|A): If the policy IS going to be announced, how likely is it that drafting news would leak? Let's say 0.85. - P(B|A^c): If the policy is NOT going to be announced, how likely is it that such news would appear? Maybe 0.15 (false reports, speculative journalism, drafting that goes nowhere).

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