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Elements of Probability and Statistics - An Introduction to Probability with de Finetti's Approach and to Bayesian Statistics (Paperback, 1st ed. 2016)
Loot Price: R1,630
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Elements of Probability and Statistics - An Introduction to Probability with de Finetti's Approach and to Bayesian Statistics (Paperback, 1st ed. 2016)
Series: La Matematica per il 3+2, 98
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This book provides an introduction to elementary probability and to
Bayesian statistics using de Finetti's subjectivist approach. One
of the features of this approach is that it does not require the
introduction of sample space - a non-intrinsic concept that makes
the treatment of elementary probability unnecessarily complicate -
but introduces as fundamental the concept of random numbers
directly related to their interpretation in applications. Events
become a particular case of random numbers and probability a
particular case of expectation when it is applied to events. The
subjective evaluation of expectation and of conditional expectation
is based on an economic choice of an acceptable bet or penalty. The
properties of expectation and conditional expectation are derived
by applying a coherence criterion that the evaluation has to
follow. The book is suitable for all introductory courses in
probability and statistics for students in Mathematics,
Informatics, Engineering, and Physics.
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