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The Foundations

In: Elementary Probability Theory

Author

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  • Melvin Hausner

    (New York University, Washington Square and University College)

Abstract

Probability theory is a branch of mathematics concerned with the measurement and understanding of uncertainty. Historically, this theory came into being to analyze certain games of chance. But it is clear that uncertainty occurs not only in gambling situations but all around us. When we ask what the maximum temperature will be in Chicago next July 17, or how many traffic fatalities will occur in New Jersey on the Memorial Day weekend, most people will agree (before the event occurs) that there is an element of uncertainty to the answer. An astonishing feature of probability theory is that it is possible to have such a theory at all. Yet this theory is not only possible, it is also one of the most interesting and fruitful theories of pure and applied mathematics.

Suggested Citation

  • Melvin Hausner, 1995. "The Foundations," Springer Books, in: Elementary Probability Theory, chapter 0, pages 1-35, Springer.
  • Handle: RePEc:spr:sprchp:978-1-4615-1753-5_1
    DOI: 10.1007/978-1-4615-1753-5_1
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