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Theory of Probability : A Critical Introductory Treatment (Hardcover) (Bruno De Finetti)

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First issued in translation as a two-volume work in 1975, this classic book provides the first complete development of the theory of probability from a subjectivist viewpoint. It proceeds from a detailed discussion of the philosophical mathematical aspects to a detailed mathematical treatment of probability and statistics.

De Finetti’s theory of probability is one of the foundations of Bayesian theory. De Finetti stated that probability is nothing but a subjective analysis of the likelihood that something will happen and that that probability does not exist outside the mind.  It is the rate at which a person is willing to bet on something happening.  This view is directly opposed to the classicist/ frequentist view of the likelihood of a particular outcome of an event, which assumes that the same event could be identically repeated many times over, and the 'probability' of a particular outcome has to do with the fraction of the time that outcome results from the repeated trials.

Number of Pages: 582
Genre: Mathematics
Series Title: Wiley Series in Probability and Statistics
Format: Hardcover
Publisher: John Wiley & Sons Inc
Author: Bruno De Finetti
Language: English
Street Date: April 10, 2017
TCIN: 51974191
UPC: 9781119286370
Item Number (DPCI): 248-38-1008
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