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Propensity is defined as a natural tendency. An example of propensity is an inborn love for writing. pl. -Â·ties. 1  a natural inclination or tendency; bent.  Obs. favorable inclination; bias (for)
Propensity theorists think of probability as a physical propensity, or disposition, or tendency of a given type of physical situation to yield an outcome of a certain kind or to yield a long run relative frequency of such an outcome. This kind of objective probability is sometimes called 'chance'.