Richard von Mises - Cases Quotes

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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

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

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