The Foundations of Statistics

Recommended by Graciela Chichilnisky, and 1 others. See all reviews

Ranked #87 in Probability, Ranked #92 in Statistics

Classic analysis of the subject and the development of personal probability; one of the greatest controversies in modern statistcal thought. New preface and new footnotes to 1954 edition, with a supplementary 180-item annotated bibliography by author. Calculus, probability, statistics, and Boolean algebra are recommended.

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Graciela Chichilnisky This book is by a famous statistician who is now dead. Savage didn’t fall into the trap of DeGroot, who dismissed catastrophic risks. Instead he went to the other extreme. Savage’s approach can focus solely on rare events. So DeGroot underestimates rare events and Savage’s approach (which was very controversial at the time) can underestimate frequent events. That is no good either. (Source)

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