E-e-book In opposition to the Gods: The Remarkable Story of Threat (Repost)

Towards the Gods: The Impressive Story of Danger
English | 1996 | ISBN: 0471295639 | four hundred web pages | ePub / Mobi | 8 MB

Danger management, which assumes that future risks can be comprehended, calculated and to some extent predicted, is the focus of this strong, thoroughgoing history. Likelihood theory, pioneered by 17th-century French mathematicians Blaise Pascal and Pierre de Fermat, has created feasible the layout of fantastic bridges, electrical power utilities and insurance insurance policies. The statistical sampling techniques invented by dour Swiss scientist Jacob Bernoulli undergird assorted activities this sort of as the testing of new medications, stock-picking and wine tasting. Bernstein (Funds Tips) animates his narrative with a colorful solid of danger-analyzers, which includes gambling addict Girolamo Cardano, 16th-century Italian medical doctor to the Pope and John Maynard Keynes, whose issues in excess of economic uncertainty compelled him to advocate an lively, interventionist position for government. Bernstein also traces the advancement of business forecasting, game concept, insurance policy and derivatives, and surveys recent advances in danger forecasting created achievable by means of chaos concept and by the growth of neural networks.

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