1/ Historically, though statistics started in gambling, it has been driven by the risk-management motive, not the luck-creation motive
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Replying to @vgr
2/ One of the earliest applications to be systematized for instance, was life insurance for widows.
2 replies 0 retweets 1 like -
Replying to @vgr
@vgr have you read Frankling on pre-Pascal/Fermat probability? http://www.amazon.com/The-Science-Conjecture-Evidence-Probability/dp/0801865697 …1 reply 2 retweets 3 likes
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