Praise for the First Edition ...a reference for everyone who is interested in knowing and handling uncertainty. ?Journal of Applied Statistics The critically acclaimed First Edition of Understanding Uncertainty provided a study of uncertainty addressed to scholars in all fields, showing that uncertainty could be measured by probability, and that probability obeyed three basic rules that enabled uncertainty to be handled sensibly in everyday life. These ideas were extended to embrace the scientific method and to show how decisions, containing an uncertain element, could be rationally made. Featuring new material, the Revised Edition remains the go-to guide for uncertainty and decision making, providing further applications at an accessible level including: A critical study of transitivity, a basic concept in probability A discussion of how the failure of the financial sector to use the proper approach to uncertainty may have contributed to the recent recession A consideration of betting, showing that a bookmaker's odds are not expressions of probability Applications of the book?s thesis to statistics A demonstration that some techniques currently popular in statistics, like significance tests, may be unsound, even seriously misleading, because they violate the rules of probability Understanding Uncertainty, Revised Edition is ideal for students studying probability or statistics and for anyone interested in one of the most fascinating and vibrant fields of study in contemporary science and mathematics.
Product Identifiers
Publisher
John Wiley & Sons Inc
ISBN-13
9781118650127
eBay Product ID (ePID)
184907546
Product Key Features
Author
Dennis V. Lindley
Publication Name
Understanding Uncertainty
Format
Hardcover
Language
English
Subject
Mathematics
Publication Year
2014
Type
Textbook
Number of Pages
424 Pages
Dimensions
Item Height
245mm
Item Width
165mm
Item Weight
768g
Additional Product Features
Title_Author
Dennis V. Lindley
Series Title
Wiley Series in Probability and Statistics
Country/Region of Manufacture
United States
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