If the concept of probability and the formulae of the theory of probability are used without a clear understanding of the collectives involved, one m… - Richard von Mises

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If the concept of probability and the formulae of the theory of probability are used without a clear understanding of the collectives involved, one may arrive at entirely misleading results.

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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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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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