{"product_id":"understanding-uncertainty-9781118650127","title":"Understanding Uncertainty","description":"\u003cp\u003e • Author(s): Dennis V. Lindley\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Probability \u0026amp; Statistics - Bayesian Analysis\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for the First Edition\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"...a reference for everyone who is interested in knowing and handling uncertainty.\"\u003cbr\u003e \u003ci\u003e—\u003cb\u003eJournal of Applied Statistics\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThe critically acclaimed \u003ci\u003eFirst Edition\u003c\/i\u003e of \u003ci\u003eUnderstanding Uncertainty\u003c\/i\u003e provided a study of uncertainty addressed to scholars in all fields, showing that uncertainty could be measured by probability, and that probability obeyed three basic rules that enabled uncertainty to be handled sensibly in everyday life. These ideas were extended to embrace the scientific method and to show how decisions, containing an uncertain element, could be rationally made.\u003c\/p\u003e \u003cp\u003eFeaturing new material, the \u003ci\u003eRevised Edition\u003c\/i\u003e remains the go-to guide for uncertainty and decision making, providing further applications at an accessible level including:\u003c\/p\u003e  *A critical study of transitivity, a basic concept in probability *A discussion of how the failure of the financial sector to use the proper approach to uncertainty may have contributed to the recent recession *A consideration of betting, showing that a bookmaker's odds are not expressions of probability *Applications of the book’s thesis to statistics *A demonstration that some techniques currently popular in statistics, like significance tests, may be unsound, even seriously misleading, because they violate the rules of probability  \u003cp\u003e\u003ci\u003eUnderstanding Uncertainty, Revised Edition\u003c\/i\u003e is ideal for students studying probability or statistics and for anyone interested in one of the most fascinating and vibrant fields of study in contemporary science and mathematics.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45201839554711,"sku":"9781118650127","price":11649.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781118650127.webp?v=1767307660","url":"https:\/\/atlanticbooks.com\/products\/understanding-uncertainty-9781118650127","provider":"Atlantic Books","version":"1.0","type":"link"}