CodalSearch this book — or all of Codal…⌘K
nydus/A Philosophical Essay on ProbabilitiesPublic
Page 76 of 94
Table of Contents

CHAPTER XV. CONCERNING THE BENEFITS OF…

loss attached to the choice X . Multiplying this product by the differential of x the integral taken from the first extremity of the curve to X will be the disadvantage of X resulting from the values of x inferior to X . For the values of x superior to X , x less X would be the error of X if x were the true correction; the integral of the product of x by the corresponding ordinate of the curve and by the differential of x will be then the disadvantage of X resulting from the values x superior to x , this integral being taken from x equal to X up to the last extremity of the curve. Adding this disadvantage to the preceding one, the sum will be the disadvantage attached to the choice of X . This choice ought to be determined by the condition that this disadvantage be a minimum ; and a very simple calculation shows that for this, X ought to be the abscissa whose ordinate divides the curve into two equal parts, so that it is thus probable that the true value of x falls on neither the one side nor the other of X .

Celebrated geometricians have chosen for X the most probable value of x and consequently that which corresponds to the largest ordinate of the curve; but the preceding value appears to me evidently that which the theory of probability indicates.

76