{"product_id":"theory-of-probability-a-critical-introductory-treatment","title":"Theory of Probability","description":"\u003cp\u003eFirst issued in translation as a two-volume work in 1975, this classic book provides the first complete development of the theory of probability from a subjectivist viewpoint. It proceeds from a detailed discussion of the philosophical mathematical aspects to a detailed mathematical treatment of probability and statistics.\u003c\/p\u003e \u003cp\u003eDe Finetti's theory of probability is one of the foundations of Bayesian theory. De Finetti stated that probability is nothing but a subjective analysis of the likelihood that something will happen and that that probability does not exist outside the mind. It is the rate at which a person is willing to bet on something happening. This view is directly opposed to the classicist\/ frequentist view of the likelihood of a particular outcome of an event, which assumes that the same event could be identically repeated many times over, and the 'probability' of a particular outcome has to do with the fraction of the time that outcome results from the repeated trials.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":54078611161432,"sku":null,"price":102.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781119286370_e20a8055-a1d5-4c65-93a6-1a7a1cf8102d.jpg?v=1778546722","url":"https:\/\/agendabookshop.com\/products\/theory-of-probability-a-critical-introductory-treatment","provider":"Agenda Bookshop","version":"1.0","type":"link"}