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Theory of probability : a critical introductory treatment / Bruno De Finetti ; [translated by] Antonio Machi and Adrian Smith.

By: De Finetti, Bruno [author].
Contributor(s): Machì, Antonio [translator] | Smith, Adrian [translator].
Material type: TextTextSeries: Wiley series in probability and statistics.Publisher: Chichester : John Wiley & Sons, ©2017Description: xiii, 582 pages : illustrations ; 25 cm.ISBN: 9781119286370 .Subject(s): ProbabilitiesDDC classification: 519.2
Contents:
1. Introduction -- 2. Concerning certainty and uncertainty -- 3. Prevision and probability -- 4. Conditional prevision and probability -- 5. The evaluation of probabilities -- 6. Distributions -- 7. A preliminary survey -- 8. Random processes with independent increments -- 9. An introduction to other types of stochastic process -- 10. Problems in higher dimensions -- 11. Inductive reasoning; statistical inference -- 12. Mathematical statistics.
Summary: 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.
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Item type Current location Call number Status Date due Barcode Item holds
Books Books ISI Library, Kolkata
 
519.2 D313 (Browse shelf) Available 137747
Total holds: 0

Includes bibliographical references and index.

1. Introduction --
2. Concerning certainty and uncertainty --
3. Prevision and probability --
4. Conditional prevision and probability --
5. The evaluation of probabilities --
6. Distributions --
7. A preliminary survey --
8. Random processes with independent increments --
9. An introduction to other types of stochastic process --
10. Problems in higher dimensions --
11. Inductive reasoning; statistical inference --
12. Mathematical statistics.

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.

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