This ebook, Elements of Probability and Statistics: An Introduction to Probability with de Finetti’s Approach and to Bayesian Statistics (PDF) provides an introduction to elementary probability and to Bayesian statistics using de Finetti’s subjectivist approach. One of the great features of this approach is that it does not require the introduction of sample space – a non-intrinsic concept that makes the treatment of elementary probability unnecessarily complicate – but introduces as fundamental the concept of random numbers directly related to their interpretation in applications. Events become a particular case of random numbers and probability a particular case of expectation when it is applied to events. The subjective evaluation of expectation and of conditional expectation is based on an economic choice of an acceptable bet or penalty. The properties of expectation and conditional expectation are derived by applying a coherence criterion that the evaluation has to follow. The ebook is suitable for all introductory courses in statistics and probability for students in informatics, Engineering, Mathematics, and Physics.
NOTE: This sale only includes the ebook Elements of Probability and Statistics in PDF. No access codes included.
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