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Richard von Mises Quotes
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Insurance companies nowadays apply the principle of so-called 'selection by insurance'; this means that they take into consideration the fact that persons who enter early into insurance contracts are on the average of a different type and have a different distribution of death ages from persons from persons admitted to the insurance at a more advanced age.
Richard von Mises
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Apart from this older generation, there is scarcely a modern mathematician who still adheres without reservation to the classical theory of probability. The majority have more or less accepted the frequency definition.
Richard von Mises
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We can only hope that statisticians will return to the use of the simple, lucid reasoning of Bayes's conceptions, and accord to the likelihood theory its proper role.
Richard von Mises
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There is no field that will always remain the special province of metaphysics and into which scientific research can never carry any light; there are no "eternally unexplorable" areas.
Richard von Mises
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In games of chance, in the problems of insurance, and in the molecular processes we find events repeating themselves again and again. They are mass phenomena or repetitive events.
Richard von Mises
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The whole financial basis of insurance would be questionable if it were possible to change the relative frequency of the occurrence of the insurance cases (deaths, etc.) by excluding, for example, every tenth one of the insured persons, or by some selection principal.
Richard von Mises
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Mass phenomena to which the theory of probability does not apply are, of course, of common occurrence.
Richard von Mises
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If the concept of probability and the formulae of the theory of probability are used without a clear understanding of the collectives involved, one may arrive at entirely misleading results.
Richard von Mises
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The problems of statistical physics are of the greatest in our time, since they lead to a revolutionary change in our whole conception of the universe.
Richard von Mises
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I am prepared to concede without further argument that all the theoretical constructions, including geometry, which are used in the various branches of physics are only imperfect instruments to enable the world of empirical fact to be reconstructed in our minds.
Richard von Mises
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If one talks of the probability that the two poems known as the Iliad and the Odyssey have the same author, no reference to a prolonged sequence of cases is possible and it hardly makes sense to assign a numerical value to such a conjecture.
Richard von Mises
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No contradiction exists, if the events are correctly interpreted.
Richard von Mises
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Remember that algebra, with all its deep and intricate problems, is nothing but a development of the four fundamental operations of arithmetic. Everyone who understands the meaning of addition, subtraction, multiplication, and division holds the key to all algebraic problems.
Richard von Mises
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Equally possible cases do not always exist, e. g, they are not present in the game with a biased die, or in life insurance. Strictly speaking, the propositions of the classical theory are therefore no applicable to these cases.
Richard von Mises
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Starting from a logically clear concept of probability, based on experience, using arguments which are usually called statistical, we can discover truth in wide domains of human interest.
Richard von Mises
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It seems to me that if somebody intends to marry and wants to find out 'scientifically' if his choice will probably be successful, then he can be helped, perhaps, by psychology, physiology, eugenics, or sociology, but surely by a science which centres around the word 'probable'.
Richard von Mises
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The theory of probability can never lead to a definite statement concerning a single event.
Richard von Mises
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It is useful to have a short expression for denoting the whole of the probabilities attached to the different attributes in a collective. We shall use for this purpose the word distribution.
Richard von Mises
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It has been asserted - and this is no overstatement - that whereas other sciences draw their conclusions from what we know, the science of probability derives its most important results from what we do not know.
Richard von Mises
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The main interest of physical statistics lies in fact not so much in the distribution of the phenomena in space, but rather in their succession in time.
Richard von Mises
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Richard von Mises
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Born:
April 19, 1883
Died:
July 14, 1953
(aged 70)
Bio:
Richard Edler von Mises was a scientist and mathematician who worked on solid mechanics, fluid mechanics, aerodynamics, aeronautics, statistics and probability theory.
Known for:
Theory of Flight
Probability, statistics and truth
Studies in Mathematics and Mechanics
Most used words:
probability
,
insurance
,
theory
,
phenomena
,
distribution
,
persons
,
events
,
fact
,
cases
,
course
,
problems
,
variance
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Ludwig von Mises
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