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:
“O for a man who is a man, and, as my neighbor says, has a bone in his back which you cannot pass your hand through! Our statistics are at fault: the population has been returned too large. How many men are there to a square thousand miles in this country? Hardly one.”
—Henry David Thoreau (1817–1862)
“and Olaf, too
preponderatingly because
unless statistics lie he was
more brave than me: more blond than you.”
—E.E. (Edward Estlin)
“We ask for no statistics of the killed,
For nothing political impinges on
This single casualty, or all those gone,
Missing or healing, sinking or dispersed,
Hundreds of thousands counted, millions lost.”
—Karl Shapiro (b. 1913)