CodalSearch this book — or all of Codal…⌘K
nydus/A Philosophical Essay on ProbabilitiesPublic

Pierre-Simon Laplace presents the principles and general results of probability theory without the use of complex mathematical analysis. He explores the application of these concepts to human knowledge and daily life, arguing that probability is essential to understanding both natural events and moral reasoning.

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