Average Quote by Warren Weaver

The theory of probabilities is at bottom nothing but common sense reduced to calculus; it enables us to appreciate with exactness that which accurate…

— Pierre-Simon Laplace

The theory of probability is the only mathematical tool available to help map the unknown and the uncontrollable. It is fortunate that this tool,…

— Benoit Mandelbrot

“The quantum theory is based on the idea that there is a probability that all possible events, no matter how fantastic or silly, might…

— Michio Kaku

Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.

— Warren Buffett

The theory of probabilities is basically only common sense reduced to a calculus. It makes one estimate accurately what right-minded people feel by a…

— Pierre-Simon Laplace

“A distinguished writer [Siméon Denis Poisson] has thus stated the fundamental definitions of the science: 'The probability of an event is the reason we…

— George Boole

“There’s a big difference between probability and outcome. Probable things fail to happen—and improbable things happen—all the time.” That”

— Howard Marks

Regression toward the mean. That is, in any series of random events an extraordinary event is most likely to be followed, due purely to…

— Leonard Mlodinow

“It is probably better to realize that the probability concept is in a sense subjective, that it is always based on uncertain knowledge, and…

— Richard P. Feynman

It was our use of probability theory as logic that has enabled us to do so easily what was impossible for those who thought…

— Edwin Thompson Jaynes

“A random event, by definition, does not lend itself to explanation, but collections of random events do behave in a highly regular fashion. Imagine…

— Daniel Kahneman

“People who can accurately sort probabilities from possibilities are generally strong at “practical thinking”;”

— Ray Dalio