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Probability

  • Francis J. Murray
Part of the Mathematical Concepts and Methods in Science and Engineering book series (MCSENG, volume 12)

Abstract

The theory of probability appears to have risen from two sources, both of great antiquity—marine insurance and games of chance. Marine insurance was practiced by the Babylonians, Phoenicians, Rhodians, Greeks, and Romans. It persisted through the Dark Ages and medieval times. The English and other northern Europeans followed Italian models in the sixteenth century, and this business ultimately expanded worldwide. Rates were set initially by individual insurers, but later much more sophisticated procedures were required (see Flower and Jones(10)).

Keywords

Phase Space Binomial Coefficient Linear Partial Differential Operator Marine Insurance Wave Character 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Plenum Press, New York 1978

Authors and Affiliations

  • Francis J. Murray
    • 1
  1. 1.Duke UniversityDurhamUSA

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