Read The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day by David J. Hand Free Online
Book Title: The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day|
The author of the book: David J. Hand
Date of issue: February 11th 2014
ISBN: No data
ISBN 13: No data
Format files: PDF
The size of the: 36.77 MB
Edition: Scientific American / Farrar, Straus and Giroux
Read full description of the books The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day:In The Improbability Principle, the renowned statistician David J. Hand argues that extraordinarily rare events are anything but. In fact, they’re commonplace. Not only that, we should all expect to experience a miracle roughly once every month.
But Hand is no believer in superstitions, prophecies, or the paranormal. His definition of “miracle” is thoroughly rational. No mystical or supernatural explanation is necessary to understand why someone is lucky enough to win the lottery twice, or is destined to be hit by lightning three times and still survive. All we need, Hand argues, is a firm grounding in a powerful set of laws: the laws of inevitability, of truly large numbers, of selection, of the probability lever, and of near enough.
Together, these constitute Hand’s groundbreaking Improbability Principle. And together, they explain why we should not be so surprised to bump into a friend in a foreign country, or to come across the same unfamiliar word four times in one day. Hand wrestles with seemingly less explicable questions as well: what the Bible and Shakespeare have in common, why financial crashes are par for the course, and why lightning does strike the same place (and the same person) twice. Along the way, he teaches us how to use the Improbability Principle in our own lives—including how to cash in at a casino and how to recognize when a medicine is truly effective.
An irresistible adventure into the laws behind “chance” moments and a trusty guide for understanding the world and universe we live in, The Improbability Principle will transform how you think about serendipity and luck, whether it’s in the world of business and finance or you’re merely sitting in your backyard, tossing a ball into the air and wondering where it will land.
Read information about the authorDavid J. Hand is Senior Research Investigator and Emeritus Professor of Mathematics at Imperial College, London, and Chief Scientific Advisor to Winton Capital Management. He is a Fellow of the British Academy, and a recipient of the Guy Medal of the Royal Statistical Society. He has served (twice) as President of the Royal Statistical Society, and is on the Board of the UK Statistics Authority. He has published 300 scientific papers and 25 books: his next book, The Improbability Principle, is due out in February 2014. He has broad research interests in areas including classification, data mining, anomaly detection, and the foundations of statistics. His applications interests include psychology, physics, and the retail credit industry - he and his research group won the 2012 Credit Collections and Risk Award for Contributions to the Credit Industry. He was made OBE for services to research and innovation in 2013.
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