Understanding Probability: Chance Rules in Everyday Life - Hardcover

Tijms, Henk

Hardcover

ISBN 10: 0521833299 ISBN 13: 9780521833295

Publisher: Cambridge University Press, 2004

Synopsis

Like it or not, chance plays a big part in our lives. Every day we face situations where the result is uncertain, and, perhaps without realizing it, we guess about the likelihood of one outcome or another. Fortunately, mastering the concepts of probability can cast new light on situations where randomness and chance appear to rule. In this book, which uses lotteries and casino games to provide the many illustrative examples, the reader can learn about the world of probability. The author demystifies the law of large numbers, betting systems, random walks, the bootstrap, rare events, the central limit theorem, the Bayesian approach and more. Written with wit and clarity, this book can be read easily by anyone who is not put off by a few numbers and some high-school algebra. It is also ideally suited to students of all disciplines taking their first course in probability.

About this title

About the Author

Henk Tijms is Professor in Operations Research at the Vrije University in Amsterdam. The author of several textbooks including, A First Course in Stochastic Models, he is intensively active in the popularization of applied mathematics and probability in Dutch high schools. He has also written numerous papers on applied probability and stochastic optimization for international journals including Applied Probability and Probability in the Engineering and Informational Sciences.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2004
• Language: English
• ISBN 10: 0521833299
• ISBN 13: 9780521833295
• Binding: Hardcover
• Number of pages: 390