Understanding Probability: Chance Rules in Everyday Life

Henk Tijms

ISBN 10: 0521540364 / ISBN 13: 9780521540360

Published by Cambridge University Press, 2004

Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0521540364I3N00

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 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.

Bibliographic Details

Title: Understanding Probability: Chance Rules in ...
Publisher: Cambridge University Press
Publication Date: 2004
Binding: Paperback
Condition: Good
Dust Jacket Condition: No Jacket