probability theory

Noun

Meaning

the branch of applied mathematics that deals with probabilities

Source: WordNet

Synonyms

theory of probability predictability game of chance statistics quantum mechanics game theory graph theory Gambler's fallacy standard deviation combinatorial analysis geometric principles lottery system law of probability calculus techniques logic and reasoning

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Hypernyms

applied mathematics applied math

Examples

This faulty intuition as well as many modern applications of probability theory are under the strong influence of traditional misconceptions concerning the meaning of the law of large numbers and of a popular mystique concerning a so-called law of averages. William Feller

The theory of independent experiments is the analytically simplest and most advanced part of probability theory. William Feller

Infinite product spaces are the natural habitat of probability theory. William Feller

Independence is the central concept of probability theory and few would believe today that understanding what it meant was ever a problem. Mark Kac

Probability theory is nothing but common sense reduced to calculation. Pierre-Simon Laplace

Maybe we should teach schoolchildren probability theory and investment risk management. Andrew Lo

Close letter words and terms

probability process probability space probability theorist probability-generating function probable probable cause