Mises Develops Frequency Theory of Probability
At a glance:
- Series: Great Events: 1900-2001
- Categories: Science
- Subcategories: Mathematics, Mathematicians
- Curriculum: 20th & 21st Century European History, German History
- Geographical Location: Germany, Austria
- Date: 1919-1933
Article abstract: Richard von Mises clarified the fundamental concept of probability and established probability theory as a field on a par with geometry and theoretical mechanics.
Early Theories of Probability
In mathematics, words and phrases such as “probable” and “chances are” are used to indicate an event that is likely, but not certain, to occur. The philosopher Immanuel Kant (1724-1804) thought that, on a scale that ran from truth to error, probable events would be those that were closer to the truth than to error. What does it mean,...
[The entire page is 781 words long]