Extensively researched, this book traces the life and work of Abraham De Moivre as well as the state of probability and statistics in eighteenth-century Britain. It is the first extensive biography of De Moivre and is based on recently discovered material and translations, including some of De Moivre 's letters.

The book begins with discussions on De Moivre 's early life in France and his initial work in pure mathematics with some excursions into celestial mechanics. It then describes his fundamental contributions to probability theory and applications, including those in finance and actuarial science. The author explores how De Moivre 's wide network of personal and professional connections often motivated his research. The book also covers De Moivre 's contemporaries and his impact on the field. Written in a clear, approachable style, this biography will appeal to historians and practitioners of the art of probability and statistics in a wide range of applications, including finance and actuarial science.

Extensively researched, this book traces the life and work of Abraham De Moivre as well as the state of probability and statistics in eighteenth-century Britain. It is the first extensive biography of De Moivre and is based on recently discovered material and translations, including some of De Moivre's letters. The book begins with discussions on De Moivre's early life in France and his initial work in pure mathematics with some excursions into celestial mechanics. It then describes his fundamental contributions to probability theory and applications, including those in finance and actuarial science. The author explores how De Moivre's wide network of personal and professional connections often motivated his research. The book also covers De Moivre's contemporaries and his impact on the field. Written in a clear, approachable style, this biography will appeal to historians and practitioners of the art of probability and statistics in a wide range of applications, including finance and actuarial science.

A product of the Scottish Enlightenment, William Playfair (1759–1823) worked as a statistician, economist, engineer, banker, land speculator, scam artist, and political propagandist. It has been claimed – erroneously – that Playfair was a spy for the British government and ran a forging operation to print the paper money of the French Revolution. The Flawed Genius of William Playfair offers a complete account of Playfair’s life, richly contextualized in the economic, political, and cultural history of the French Revolution and Napoleonic Wars. The book explores the many peaks and troughs of Playfair’s career, ranging from moderate prosperity to bankruptcy and imprisonment. Through careful analysis, David R. Bellhouse shows that Playfair was neither a spy nor a forger, but perhaps briefly a one-time courier for a government minister. Bellhouse pieces together as complete a picture as possible of the forging operations supported by the British government and illuminates Playfair’s lasting contributions in economics and statistics, where he is known as the father of statistical graphics. Disputing the misinformation about the man, The Flawed Genius of William Playfair highlights that the truth about Playfair’s life is often more intriguing than the fictions that surround him.

Many historians of insurance have commented on the disconnect between the rise of English life insurance companies in the early eighteenth century and the mathematics behind the sound pricing of life insurance products that was developed at about the same time. Insurance and annuity promoters typically ignored this mathematical work. Bellhouse explores this issue, and shows that the early mathematical work was not motivated by insurance but instead by the fair valuation of life contingent contracts related to property. Even the work of the mathematician James Dodson in the creation of the Equitable Life Assurance Society, offering sound actuarially based premiums, did not change the industry in any significant way. The tipping point was a crisis in 1770 in which the philosopher and mathematician Richard Price, as well as other mathematicians, showed that a dozen or more recently formed annuity societies could not meet their financial obligations and were inviable.