That it does not pay to gamble has been the oft repeated theme of the moralist, and has been demonstrated with much brave show of symbols by mathemat… - Karl Pearson

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That it does not pay to gamble has been the oft repeated theme of the moralist, and has been demonstrated with much brave show of symbols by mathematicians from Lagrange to De Morgan and onwards.

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About Karl Pearson

Karl Pearson (27 March 1857 – 27 April 1936) was an influential English mathematician and biostatistician. He founded the world's first university statistics department at University College London in 1911.

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Birth Name: Carl Pearson
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It is not theory, but actual statistical experience, which forces us to the conclusion that, however little we know of what will happen in the individual instance, yet the frequency of a large number of instances is distributed round the mode in a manner more and more smooth and uniform the greater the number of individual instances. When this distribution round the mode does not take place... then we assert that some cause other than chance is at work.

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[D]efinition... Religion is the relation of the finite to the infinite. ...is the relation. ...[T]here is only one relation, there can be only one religion. ...only so far true as it actually explains the relation of the finite to the infinite. In so far as it builds up an imaginary relation between finite and infinite it is false. ...[S]ince no existing religion lays out before us fully the relation of finite and infinite, all systems of religion are of necessity but half truths. ...not whole falsehoods, for many... may have made... small advance towards the solution...

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