The whole financial basis of insurance would be questionable if it were possible to change the relative frequency of the occurrence of the insurance cases (deaths, etc.) by excluding, for example, every tenth one of the insured persons, or by some selection principal.

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Insurance companies nowadays apply the principle of so-called 'selection by insurance'; this means that they take into consideration the fact that persons who enter early into insurance contracts are on the average of a different type and have a different distribution of death ages from persons from persons admitted to the insurance at a more advanced age.

I am prepared to concede without further argument that all the theoretical constructions, including geometry, which are used in the various branches of physics are only imperfect instruments to enable the world of empirical fact to be reconstructed in our minds.

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Because certain elements of geometry have for a long time been included in the general course of education, every educated man is able to distinguish between the practical task of the land surveyor and the theoretical investigation of the geometer. The corresponding distinction between the theory of probability and statistics has yet to be recognized.

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I do not want to defend the occult sciences; I am, however, convinced that further unbiased investigation of these phenomena by collection and evaluation of old and new evidence, in the usual scientific manner, will lead us sooner or later to the discovery of new and important relations of which we have as yet no knowledge, but which are natural phenomena in the usual sense.

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