9781118650127-1118650123-Understanding Uncertainty

Understanding Uncertainty

ISBN-13: 9781118650127
ISBN-10: 1118650123
Edition: Revised
Author: Lindley, Dennis V.
Publication date: 2013
Publisher: Wiley
Format: Hardcover 424 pages
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Book details

ISBN-13: 9781118650127
ISBN-10: 1118650123
Edition: Revised
Author: Lindley, Dennis V.
Publication date: 2013
Publisher: Wiley
Format: Hardcover 424 pages

Summary

Acknowledged authors Lindley, Dennis V. wrote Understanding Uncertainty comprising 424 pages back in 2013. Textbook and eTextbook are published under ISBN 1118650123 and 9781118650127. Since then Understanding Uncertainty textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Praise for the First Edition

"...a reference for everyone who is interested in knowing and handling uncertainty."
Journal of Applied Statistics

The critically acclaimed First Edition of Understanding Uncertainty provided a study of uncertainty addressed to scholars in all fields, showing that uncertainty could be measured by probability, and that probability obeyed three basic rules that enabled uncertainty to be handled sensibly in everyday life. These ideas were extended to embrace the scientific method and to show how decisions, containing an uncertain element, could be rationally made.

Featuring new material, the Revised Edition remains the go-to guide for uncertainty and decision making, providing further applications at an accessible level including:

  • A critical study of transitivity, a basic concept in probability
  • A discussion of how the failure of the financial sector to use the proper approach to uncertainty may have contributed to the recent recession
  • A consideration of betting, showing that a bookmaker's odds are not expressions of probability
  • Applications of the book’s thesis to statistics
  • A demonstration that some techniques currently popular in statistics, like significance tests, may be unsound, even seriously misleading, because they violate the rules of probability

Understanding Uncertainty, Revised Edition is ideal for students studying probability or statistics and for anyone interested in one of the most fascinating and vibrant fields of study in contemporary science and mathematics.

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