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:
“He uses statistics as a drunken man uses lamp-posts—for support rather than illumination.”
—Andrew Lang (1844–1912)
“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)
“and Olaf, too
preponderatingly because
unless statistics lie he was
more brave than me: more blond than you.”
—E.E. (Edward Estlin)