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nydus/The Logic of Chance, 3rd EditionPublic

This work examines the physical foundations of probability by analyzing the formation and behavior of statistical series. It explores the nature of laws of error, the processes of causation, and the empirical methods required to establish and prove probabilistic data.

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FURTHER DISCUSSION UPON THE NATURE OF THE SERIES MENTIONED IN THE LAST CHAPTER.

shot nearly at right angles to the true line of fire unless some entirely new cause comes in, as by some unusual circumstance having distracted his attention, or by his having had some spasmodic seizure. But influences of this kind were not supposed to have been available before; and even if they were we are taking a bold step in assuming that these occasional great disturbances are subject to the same kind of laws as are the aggregates of innumerable little ones.

We cannot indeed lay much stress upon an example of this last kind, as compared with those in which we can see for certain that there is a fixed limit to the range of error. It is therefore offered rather for illustration than for proof. The enormous, in fact inconceivable magnitude of the numbers expressive of the chance of very rare combinations, such as those in question, has such a bewildering effect upon the mind that one may be sometimes apt to confound the impossible with the higher degrees of the merely mathematically improbable.

§ 7. At the time the first edition of this essay was composed writers on Statistics were, I think, still for the most part under the influence of Quetelet, and inclined to overvalue his authority on this particular subject: of late however attention has been repeatedly drawn to the necessity of taking account of other laws of arrangement than the binomial or exponential.

Mr Galton, for instance,—to whom every branch of the theory of statistics owes so much,—has insisted[7] that the “assumption which lies at the basis of the well-known law of

‘Frequency of Error’… is incorrect in many groups of vital and social phenomena…. For example, suppose we endeavour to match a tint; Fechner's law, in its approximative and simplest form of sensation = log stimulus, tells us that a series of tints, in which the quantities of white scattered on a black ground are as 1, 2, 4, 8, 16, 32, &c., will appear to the eye to be separated by equal intervals of tint. Therefore, in matching a grey that contains 8 portions of white, we are just as likely to err by selecting one that has 16 portions as one that has 4 portions. In the first case there would be an error in excess, of 8; in the second there would be an error, in deficiency, of 4. Therefore, an error of the same magnitude in excess or in deficiency is not equally probable.” The consequences of this assumption are worked out in a remarkable paper by Dr D. McAlister, to which allusion will have to be made again hereafter. All that concerns us here to point out is that when the results of statistics of this character are arranged graphically we do not get a curve which is symmetrical on both sides of a central axis.

§ 8. More recently, Mr F. Y. Edgeworth (in a report of a Committee of the British Association appointed to enquire into the variation of the monetary standard) has urged the same considerations in respect of prices of commodities. He gives a number of statistics “drawn from the prices of twelve commodities during the two periods 1782–1820, 1820–1865. The maximum and minimum entry for each series having been noted, it is found that the number of entries above the ‘middle point,’ half-way between the maximum and minimum,[8] is in every instance less than half the total number of entries in the series. In the twenty-four trials there is not a single exception to the rule, and in very few cases even an approach

to an exception. We may presume then that the curves are of the lop-sided character indicated by the accompanying diagram.” The same facts are also ascertained in respect to place variations as distinguished from time variations. To these may be added some statistics of my own, referring to the heights of the barometer taken at the same hour on more than 4000 successive days (v. Nature, Sept. 2, 1887). So far as these go they show a marked asymmetry of arrangement.

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