Understanding And Calculating the Odds : Probability Theory Basics And Calculus Guide for Beginners, With Applications in Games of Chance And Everyday Life

Barboianu, Catalin

ISBN 10: 9738752019 / ISBN 13: 9789738752016

Published by Infarom Publishing, 2006

About this Item

Unread book in perfect condition. Seller Inventory # 4356356

Bibliographic Details

Title: Understanding And Calculating the Odds : ...

Publisher: Infarom Publishing

Publication Date: 2006

Binding: Soft cover

Condition: As New

About this title

Synopsis:

Man's daily life is full of decisional situations. Whether we have math skills or not, we frequently estimate and compare probabilities, sometimes without realizing it, especially when making decisions. But probabilities are not just simple numbers attached objectively or subjectively to events, as they perhaps look, and their calculus and usage is highly predisposed to qualitative or quantitative errors in the absence of proper knowledge. That is why a book explaining the probability concept and its interpretations and applications for non-mathematicians is a necessity. This is an enlightening journey through the world of probability theory. Its multiple goals are to help the reader understand what probability really means, to teach the reader how to rigorously perform and apply the probability calculus, even without a solid mathematical background, and to stimulate the reader to go deeper into the notions involved. In the first part, the author tries to build a clear image of the probability concept by reconstructing its mathematical definition step by step through its constituent notions.It starts with a general presentation of the conceptual ensemble word - definition - notion - model any theory is based on when trying to reproduce reality. Then, the probability notion is defined and explained starting from the classical definition to the definition for the countable case; then probability is presented as a limit and as a measure. This book presents not only the mathematical concept of probability, but also its philosophical aspects, the relativity of probability and its applications and even the psychology of probability. All explanations are made in a comprehensible manner and are supported with suggestive examples from nature and daily life and even with challenging math paradoxes. After these points are laid out the math chapter follows.It contains all the notions and principal theoretical results that ground Probability Theory, starting with fundamental no

From the Publisher:

This title is listed in the collections of several university
and gambling institute libraries and stands as reference book for applied
math and gambling courses.