![]() ![]() ![]() Mathematical prodigy, Blaise Pascal, a Frenchman, relied upon probabilistic thinking to prove the existence of God or at least prove that believing in God was eminently rational. Blaise Pascal and the invention of statistics In fact, the use of the Hindu numbering system and the concept of zero proved crucial in developing a science of probability. While they did recognize that much in the world was accidental and unexplainable, they failed to develop a science of probability. He mentions that “the recognition of risk management as a practical art rest on a simple cliché with the most profound consequences: when our world was created, nobody remembered to include certainty.” Indeed, the Greek gods rolled the dice to decide who would rule the heavens, the world, and the underworld. In his book, Against The Gods, the remarkable story of risk, financial analyst and asset manager, Peter Bernstein, begins with the creation cosmic creation. ![]()
0 Comments
Leave a Reply. |