{"product_id":"theory-of-probability-9781119286295","title":"Theory of Probability","description":"\u003cp\u003eFirst issued in translation as a two-volume work in 1975, this classic book provides the first complete development of the theory of probability from a subjectivist viewpoint. It proceeds from a detailed discussion of the philosophical mathematical aspects to a detailed mathematical treatment of probability and statistics. De Finetti's theory of probability is one of the foundations of Bayesian theory. De Finetti stated that probability is nothing but a subjective analysis of the likelihood that something will happen and that that probability does not exist outside the mind. It is the rate at which a person is willing to bet on something happening. This view is directly opposed to the classicist\/ frequentist view of the likelihood of a particular outcome of an event, which assumes that the same event could be identically repeated many times over, and the 'probability' of a particular outcome has to do with the fraction of the time that outcome results from the repeated trials.\u003c\/p\u003e","brand":"Gardners","offers":[{"title":"Default Title","offer_id":53902116225303,"sku":null,"price":11380.88,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0679\/6918\/8119\/files\/9781119286295.jpg?v=1784096125","url":"https:\/\/payment.letskitaboo.com\/products\/theory-of-probability-9781119286295","provider":"Kitaboo One eStore","version":"1.0","type":"link"}