
What are the odds against winning the Lottery, making money in a casino, or backing the right horse? Every day, people make judgements on these matters and face other decisions that rest on their understanding of probability: buying insurance, following medical advice, carrying an umbrella. Yet many of us have a frightening ignorance of how probability works. Taking Chances presents an entertaining and fascinating exploration of probability, revealing traps and fallacies in the field. It describes and analyses a remarkable variety of situations where chance plays a role, including football pools, the Lottery, TV games, sport, cards, roulette, coins, and dice. The book guides the reader round common pitfalls, demonstrates how to make better informed decisions, and shows where the odds can be unexpectedly in your favour. This new edition has been fully updated, and includes information on "Who Wants to be a Millionaire?" and "The Weakest Link", plus a new chapter on Probability for Lawyers.
This book investigates the fundamental principles of probability and how they influence decision-making in everyday life. John Haigh, a mathematician and expert in probability, utilizes a wide array of real-world scenarios to illustrate how individuals often misinterpret chance. He provides a framework for identifying common fallacies and applying mathematical logic to improve personal decision-making in contexts ranging from gambling to insurance.
What You Will Find
Scope Limits
Experts and readers frequently cite this work as an accessible and highly practical introduction to probability for the layperson. The prose is noted for its clarity, making complex statistical concepts understandable without requiring an extensive mathematical background.
Page Count:
389
Publication Date:
1999-01-01
Publisher:
OUP Oxford
ISBN-10:
0191500550
ISBN-13:
9780191500558
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