A Philosophical Essay on Probabilities — John Shaqi
A Philosophical Essay on ProbabilitiesLaplace, Pierre Simon, marquis de
Philosophy
A Philosophical Essay on Probabilities
Laplace, Pierre Simon, marquis de
Probabilities
This rule conduces to results conformable to the indications of common
sense which can by this means be appreciated with some exactitude. Thus
in the preceding question it is found that if the fortune of Paul is two
hundred francs, he ought not reasonably to stake more than nine francs.
The same rule leads us again to distribute the danger over several parts
of a benefit expected rather than to expose the entire benefit to this
danger. It results similarly that at the fairest game the loss is always
greater than the gain. Let us suppose, for example, that a player having
a fortune of one hundred francs risks fifty at the play of heads and
tails; his fortune after his stake at the play will be reduced to
eighty-seven francs, that is to say, this last sum would procure for the
player the same moral advantage as the state of his fortune after the
stake. The play is then disadvantageous even in the case where the stake
is equal to the product of the sum hoped for, by its probability. We can
judge by this of the immorality of games in which the sum hoped for is
below this product. They subsist only by false reasonings and by the
cupidity which they excite and which, leading the people to sacrifice
their necessaries to chimerical hopes whose improbability they are not
in condition to appreciate, are the source of an infinity of evils.
The disadvantage of games of chance, the advantage of not exposing to
the same danger the whole benefit that is expected, and all the similar
results indicated by common sense, subsist, whatever may be the function
of the physical fortune which for each individual expresses his moral
fortune. It is enough that the proportion of the increase of this
function to the increase of the physical fortune diminishes in the
measure that the latter increases.
CHAPTER V.
_CONCERNING THE ANALYTICAL METHODS OF THE CALCULUS OF PROBABILITIES._
The application of the principle which we have just expounded to the
various questions of probability requires methods whose investigation
has given birth to several methods of analysis and especially to the
theory of combinations and to the calculus of finite differences.
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