Short Definition
Sigmoid is an S-shaped function that maps real-valued inputs into values between 0 and 1.
Intuition
It squashes a number into a probability-like range, which is useful for binary decisions but can slow deep networks when saturated.
Technical Definition
The logistic sigmoid computes sigma(x) = 1 / (1 + exp(-x)) and has gradients that become small for large positive or negative inputs.
Example
A binary classifier may use sigmoid to estimate the probability of the positive class.
Common Misunderstandings
Sigmoid outputs are not automatically calibrated probabilities.
Sigmoid is less common than ReLU-like activations in hidden layers of deep networks.