Celebrating 23 Years on the Web
TODAY IN SCIENCE HISTORY ®
Find science on or your birthday

Today in Science History - Quickie Quiz
Who said: “I have no satisfaction in formulas unless I feel their arithmetical magnitude.”
more quiz questions >>
Home > Category Index for Science Quotations > Category Index A > Category: Annuity

Annuity Quotes (1 quote)

I am particularly concerned to determine the probability of causes and results, as exhibited in events that occur in large numbers, and to investigate the laws according to which that probability approaches a limit in proportion to the repetition of events. That investigation deserves the attention of mathematicians because of the analysis required. It is primarily there that the approximation of formulas that are functions of large numbers has its most important applications. The investigation will benefit observers in identifying the mean to be chosen among the results of their observations and the probability of the errors still to be apprehended. Lastly, the investigation is one that deserves the attention of philosophers in showing how in the final analysis there is a regularity underlying the very things that seem to us to pertain entirely to chance, and in unveiling the hidden but constant causes on which that regularity depends. It is on the regularity of the main outcomes of events taken in large numbers that various institutions depend, such as annuities, tontines, and insurance policies. Questions about those subjects, as well as about inoculation with vaccine and decisions of electoral assemblies, present no further difficulty in the light of my theory. I limit myself here to resolving the most general of them, but the importance of these concerns in civil life, the moral considerations that complicate them, and the voluminous data that they presuppose require a separate work.
Philosophical Essay on Probabilities (1825), trans. Andrew I. Dale (1995), Introduction.
Science quotes on:  |  According (236)  |  Analysis (242)  |  Application (253)  |  Approximation (32)  |  Attention (195)  |  Benefit (118)  |  Cause (549)  |  Chance (240)  |  Chosen (48)  |  Civil (26)  |  Complication (29)  |  Concern (232)  |  Consideration (142)  |  Constant (145)  |  Data (161)  |  Decision (94)  |  Depend (231)  |  Deserve (65)  |  Determine (147)  |  Difficulty (200)  |  Error (333)  |  Event (218)  |  Final (121)  |  Formula (99)  |  Function (230)  |  General (516)  |  Government (113)  |  Importance (294)  |  Inoculation (9)  |  Institution (69)  |  Insurance (12)  |  Investigate (104)  |  Investigation (242)  |  Large (396)  |  Law (907)  |  Life (1830)  |  Light (624)  |  Limit (288)  |  Mathematician (400)  |  Mean (808)  |  Moral (198)  |  Morality (54)  |  Most (1729)  |  Myself (212)  |  Number (704)  |  Observation (582)  |  Occur (151)  |  Outcome (15)  |  Philosopher (266)  |  Present (625)  |  Presuppose (15)  |  Probability (135)  |  Proportion (136)  |  Question (640)  |  Regularity (40)  |  Repetition (29)  |  Require (223)  |  Required (108)  |  Result (688)  |  Separate (146)  |  Still (614)  |  Subject (532)  |  Theory (998)  |  Thing (1914)  |  Underlying (31)  |  Vaccine (9)  |  Various (201)  |  Will (2352)  |  Work (1374)

In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion. (1987) -- Carl Sagan
Sitewide search within all Today In Science History pages:
Visit our Science and Scientist Quotations index for more Science Quotes from archaeologists, biologists, chemists, geologists, inventors and inventions, mathematicians, physicists, pioneers in medicine, science events and technology.

Names index: | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |

Categories index: | 1 | 2 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |

# Science T-Shirts from Amazon

See more at Amazon

by Ian Ellis