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NEW CONCEPTS AND METHODS—PRE-BAYESIAN ERA

Shoutir Kishore Chatterjee

in Statistical Thought: A Perspective and History

Published in print:
2003
Published Online:
September 2007
ISBN:
9780198525318
eISBN:
9780191711657
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198525318.003.0006
Subject:
Mathematics, Probability / Statistics

After James Bernoulli, the main contributors to probability theory and its applications in the 18th century worked either to solve more intricate problems of games of chance (De Moivre), or to build ... More


Downside Potential Under Risk: The Allais Paradox and Its Conflicting Interpretations

Eric Barthalon

in Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231166287
eISBN:
9780231538305
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231166287.003.0010
Subject:
Economics and Finance, Behavioural Economics

This chapter focuses on the psychological importance of downside risk by presenting Maurice Allais's paradox and by contrasting how Allais and prospect theory have interpreted this paradox. It also ... More


Heat in the Eighteenth Century

Jennifer Coopersmith

in Energy, the Subtle Concept: The discovery of Feynman's blocks from Leibniz to Einstein

Published in print:
2015
Published Online:
August 2015
ISBN:
9780198716747
eISBN:
9780191800955
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198716747.003.0005
Subject:
Physics, Particle Physics / Astrophysics / Cosmology, History of Physics

Connections between ‘airs’ and heat emerged. Hales, in Vegetable Staticks, liberated ‘airs’ on heating various substances, and concluded that there was a repulsive force in ‘elastick air’. This was ... More


Epidemiology

Paul Schmid-Hempel

in Evolutionary Parasitology: The Integrated Study of Infections, Immunology, Ecology, and Genetics

Published in print:
2013
Published Online:
December 2013
ISBN:
9780199229482
eISBN:
9780191774744
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199229482.003.0011
Subject:
Biology, Disease Ecology / Epidemiology, Evolutionary Biology / Genetics

This chapter discusses ‘epidemiology’, which in medical literature refers to the field that seeks to identify key correlates for a particular disease. In this book, however, it is the study of ... More


Calculated Collaborations

in Tides of History: Ocean Science and Her Majesty's Navy

Published in print:
2008
Published Online:
March 2013
ISBN:
9780226709321
eISBN:
9780226709338
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226709338.003.0007
Subject:
History, Environmental History

It was local tide calculators, not elite theorists, who advanced the study of the tides in the late eighteenth and early nineteenth centuries, perfecting Daniel Bernoulli's equilibrium theory through ... More


The Case of Incomplete Markets: Relating Risk Premiums to Economic Fundamentals

Gilles Bénéplanc and Jean-Charles Rochet

in Risk Management in Turbulent Times

Published in print:
2011
Published Online:
April 2015
ISBN:
9780199774081
eISBN:
9780190258474
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199774081.003.0009
Subject:
Business and Management, Finance, Accounting, and Banking

This chapter talks about the expected utility criterion, which solves the St Petersburg paradox proposed in the 18th century by Nicolas Bernoulli. The criterion is useful in modeling insurance ... More


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