Driving Quote by William Poundstone

Kelly was aware that there is one type of favorable bet available to everyone; the stock market.

— William Poundstone

“The law of probability combined with the law of large numbers states that to beat the odds, sometimes you have to repeat an event…

— Jojo Moyes

“Richard Thaler tells of a discussion about decision making he had with the top managers of the 25 divisions of a large company. He…

— Daniel Kahneman

“Belief in the Law of Small Numbers” teased out the implications of a single mental error that people commonly made—even when those people were…

— Michael Lewis

“Outside of textbooks and casinos, probability almost never presents itself as a mathematical problem or a brain teaser.”

— Nassim Nicholas Taleb

“Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because…

— Leonard Mlodinow

It is a part of probability that many improbable things will happen.

— Aristotle

“The broader appeal of statistics lay in the idea of an order beneath apparent randomness. Individuals—molecules or humans—might act unpredictably, but statistics seemed to…

— Louis Menand

The new always happens against the overwhelming odds of statistical laws and their probability, which for all practical, everyday purposes amounts to certainty; the…

— Hannah Arendt

The laws of thermodynamics, as empirically determined, express the approximate and probable behavior of systems of a great number of particles, or, more precisely,…

— J. Willard Gibbs

The true law of economics is chance, and we learned people arbitrarily seize on a few moments and establish them as laws.

— Karl Marx

Yet there seemed to be some truth in the law of probability, according to which the chance of success is directly proportionate to the…

— Kobo Abe