#probability

Entropy theory, on the other hand, is not concerned with the probability of succession in a series of items but with the overall distribution of kinds of items in a given arrangement. ↗

— Rudolf Arnheim

#concerned #distribution #entropy #given #hand

A property in the 100-year floodplain has a 96 percent chance of being flooded in the next hundred years without global warming. The fact that several years go by without a flood does not change that probability. ↗

— Earl Blumenauer

#chance #change #does #fact #flood

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. ↗

— George Boole

#affecting #certainty #change #circumstances #demand

Let me state what the official IPCC prediction is: Sea levels could go up as much as three-quarters of a meter in this century, but there is a reasonable probability it could be much higher than that. ↗

— Steven Chu

#could #go #higher #ipcc #levels

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems. ↗

— Timothy Geithner

#concentrated #crises #financial #financial crises #financial system

The more connected that individual is to an issue they care about, the higher probability there is they will stay involved over a longer period of time. ↗

— Chris Hughes

#care #connected #higher #individual #involved

Information: the negative reciprocal value of probability. ↗

— Claude Shannon

#negative #probability #reciprocal #value

Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far better than it was in 2011. ↗

— Steve Forbes

#after #barring #better #between #economy

In trials of fact, by oral testimony, the proper inquiry is not whether is it possible that the testimony may be false, but whether there is sufficient probability that it is true. ↗

— Simon Greenleaf

#false #inquiry #may #oral #possible

One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is concerned with extreme outcomes. If the tails of the probability distributions we are using are too thin, our VAR measures are likely to be too low. ↗

— John Hull

#concerns #earlier #extreme #fat #i