#probability

The probability that we may fail in the struggle ought not to deter us from the support of a cause we believe to be just. ↗

— Abraham Lincoln

#cause #deter #fail #just #may

The fact that we don't keep repeating tests in the same arena is not because the probability of the hypothesis showing its falsity in other arenas goes up after it has passed tests in one arena. ↗

— Robert Nozick

#arena #arenas #because #fact #falsity

The consequences of an act affect the probability of it's occurring again. ↗

— B. F. Skinner

#affect #again #consequences #occurring #probability

Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler's fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That's what is at the root of such ideas as "her luck has run out" and "He is due." That does not happen. For what it's worth, a good streak doesn't jinx you, and a bad one, unfortunately , does not mean better luck is in store. ↗

— Leonard Mlodinow

#luck #math #probability #statistics #math

Statistics, likelihoods, and probabilities mean everything to men, nothing to God. ↗

— Richelle E. Goodrich

#almighty #god #likelihood #might #omnipotence

Medicine is a science of uncertainty and an art of probability. ↗

— William Osler

#medicine #probability #science #uncertainty

The scientific imagination always restrains itself within the limits of probability. ↗

— Thomas Huxley

#imagination #itself #limits #probability #restrains

Fourth Law of Thermodynamics: If the probability of success is not almost one, then it is damn near zero. ↗

— David R. Ellis

#damn #fourth #law #near #probability

Maybe we should teach schoolchildren probability theory and investment risk management. ↗

— Andrew Lo

#management #maybe #probability #risk #risk management

Only in Britain could it be thought a defect to be too clever by half. The probability is that too many people are too stupid by three-quarters. ↗

— John Major

#clever #could #defect #half #many