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Probability Theory Quotes

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In no other branch of mathematics is it so easy for experts to blunder as in probability theory  (Probability Theory Quotes) Maybe we should teach schoolchildren probability theory and investment risk management  (Probability Theory Quotes) Probability is expectation founded upon partial knowledge. A perfect acquaintance with all the circumstances affecting the occurrence of an event would change expectation into certainty, and leave nether room nor demand for a theory of probabilities  (Probability Theory Quotes) Entropy theory, on the other hand, is not concerned with the probability of succession in a series of items but with the overall distribution of kinds of items in a given arrangement  (Probability Theory Quotes) If a lack of empirical foundations is a defect of the theory of logical probability, it is also a defect of deductive logic  (Probability Theory Quotes) One of the most striking and fundamental things about probability theory is that it leads to an understanding of the otherwise strange fact that events which are individually capricious and unpredictable can, when treated en masse, lead to very stable average performances  (Probability Theory Quotes) At a purely formal level, one could call probability theory the study of measure spaces with total measure one, but that would be like calling number theory the study of strings of digits which terminate  (Probability Theory Quotes) I failed math twice, never fully grasping probability theory. I mean, first off, who cares if you pick a black ball or a white ball out of the bag? And second, if you’re bent over about the color, don’t leave it to chance. Look in the damn bag and pick the color you want  (Probability Theory Quotes)