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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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Table of Contents

ON THE MODES OF ESTABLISHING AND DETERMINING THE EXISTENCE AND NUMERICAL PROPORTIONS OF THE CHARACTERISTIC PROPERTIES OF OUR SERIES OR GROUPS.

any society, is a function amongst other things, of the strictness of the law, the morality of the people, their social condition, and the vigilance of the police, each of these elements being in itself almost infinitely complex. Now, as a result of all these agencies, there is some degree of uniformity; but what has been called above the change of type, which it sooner or later tends to display, is unmistakeable. The average annual numbers do not show a steady gradual approach towards what might be considered in some sense a limiting value, but, on the contrary, fluctuate in a way which, however it may depend upon causes, shows none of the permanent uniformity which is characteristic of games of chance. This fact, combined with the obvious arbitrariness of singling out, from amongst the many and various antecedents which produced the observed regularity, a few only, which should constitute the objective probability (if we took all, the events being absolutely determined, there would be no occasion for an appeal to probability in the case), would have been sufficient to prevent any one from assuming the existence of any such thing, unless the mistaken analogy of other cases had predisposed him to seek for it.

There is a familiar practical form of the same error, the tendency to which may not improbably be derived from a similar theoretical source. It is that of continuing to accumulate our statistical data to an excessive extent. If the type were absolutely fixed we could not possibly have too many statistics; the longer we chose to take the trouble of collecting them the more accurate our results would be. But if the type is changing, in other words, if some of the principal causes which aid in their production have, in regard to their present degree of intensity, strict limits of time or space, we shall do harm rather than good if we overstep these limits. The danger of stopping too soon is easily seen, but in avoiding it we must not fall into the opposite error of going on too long, and so getting either gradually or suddenly under the influence of a changed set of circumstances.

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