Quote of the Day
Probability is expectation founded upon partial knowledge. A perfect acquaintance with all the circumstances affecting the occurrence of an event would change expectation into certainty, and leave nether room nor demand for a theory of probabilities.
People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.
I find fault with my children because I like them and I want them to go places - uprightness and strength and courage and civil respect and anything that affects the probabilities of failure on the part of those that are closest to me, that concerns me - I find fault.
Religious faith depends on a host of social, psychological and emotional factors that have little or nothing to do with probabilities, evidence and logic.
Sometimes the probabilities are very close to certainties, but they're never really certainties.
All business proceeds on beliefs, or judgements of probabilities, and not on certainties.
Charles William Eliot
It is impossible to trap modern physics into predicting anything with perfect determinism because it deals with probabilities from the outset.
All business proceeds on beliefs, or judgments of probabilities, and not on certainties.
William Reddington Hewlett
Philosophy goes no further than probabilities, and in every assertion keeps a doubt in reserve.
James Anthony Froude
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