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Historically, the original purpose of the theory of probability was to describe the exceedingly narrow domain of experience connected with games of c… - William Feller
" "Historically, the original purpose of the theory of probability was to describe the exceedingly narrow domain of experience connected with games of chance, and the main effort was directed to the calculation of certain probabilities.
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About William Feller
William "Vilim" Feller (July 7, 1906 – January 14, 1970), born Vilibald Srećko Feller, was a Croatian-American mathematician specializing in probability theory. Feller was one of the greatest probabilists of the twentieth century, who is remembered for his championing of probability theory as a branch of mathematical analysis in Sweden and the United States.
Also Known As
Native Name:
Vilibald Srećko Feller
Alternative Names:
Vilim Feller
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Additional quotes by William Feller
It should be noted that this duration is considerably longer than we naively expect. If two players with 500 dollars each toss a coin until one is ruined, the average duration of the game is 250,000 trials. If a gambler has only one dollar and his adversary has 1000, the average duration is 1000 trials.
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