Mass phenomena to which the theory of probability does not apply are, of course, of common occurrence. - Richard von Mises

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Mass phenomena to which the theory of probability does not apply are, of course, of common occurrence.

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About Richard von Mises

Richard von Mises (19 April 1883, Lviv – 14 July 1953, Boston) was a scientist and mathematician who worked on solid mechanics, fluid mechanics, aerodynamics, aeronautics, statistics and probability theory. He held the position of Gordon-McKay Professor of Aerodynamics and Applied Mathematics at Harvard University.

Also Known As

Alternative Names: Richard Edler von Mises R. V. Mises R. von Mises
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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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