Statistics
Daniel Bernoulli was also the author in 1738 of Specimen theoriae novae de mensura sortis (Exposition of a New Theory on the Measurement of Risk), in which the St. Petersburg paradox was the base of the economic theory of risk aversion, risk premium and utility.
One of the earliest attempts to analyze a statistical problem involving censored data was Bernoulli's 1766 analysis of smallpox morbidity and mortality data to demonstrate the efficacy of vaccination.
Read more about this topic: Daniel Bernoulli
Famous quotes containing the word statistics:
“and Olaf, too
preponderatingly because
unless statistics lie he was
more brave than me: more blond than you.”
—E.E. (Edward Estlin)
“We already have the statistics for the future: the growth percentages of pollution, overpopulation, desertification. The future is already in place.”
—Günther Grass (b. 1927)
“Maybe a nation that consumes as much booze and dope as we do and has our kind of divorce statistics should pipe down about “character issues.” Either that or just go ahead and determine the presidency with three-legged races and pie-eating contests. It would make better TV.”
—P.J. (Patrick Jake)