Dennis Lindley: Probability

Dennis Lindley was British statistician. Explore interesting quotes on probability.

Dennis Lindley: 28 quotes 0 likes

“Whatever way uncertainty is approached, probability is the only sound way to think about it.”

Dennis Lindley

5. The Rules of Probability. p. 71.
Understanding Uncertainty (2006)

Way , Thinking

“There is much evidence that people are not rational, in the economist’s sense; nor do they take into account expectation, in the precise interpretation of that word. As a result economic theory often does not correspond with what happens in the market. Some would argue that we need descriptive economics. I would argue that all should be taught about probability, utility, and MEU (maximization of expected utility) and act accordingly.”

Dennis Lindley

2. Stylistic Questions. p. 22.
Understanding Uncertainty (2006)

People , Sense

“It is not merely a question of calculating with probabilities but also one of relating the ingredients of your probability statements to reality. You do not need to think only about p(E|K) but also about the precise nature of E and K.”

Dennis Lindley

5. The Rules of Probability. p. 78.
Understanding Uncertainty (2006)

Question , Nature , Thinking , Reality

“It is dangerous to attach probability zero to anything other than a logical impossibility.”

Dennis Lindley

5. The Rules of Probability. p. 64.
Understanding Uncertainty (2006)

“Consider the case of a person who holds a view with probability 1. Then coherence says that it is no use having a debate with them because nothing will change their mind.”

Dennis Lindley

6. Bayes Rule. p. 91.
Understanding Uncertainty (2006)

Change , Personality

“The grand assertion is that you must see the world through probability and that probability is the only guide you need.”

Dennis Lindley

5. The Rules of Probability. p. 66.
Understanding Uncertainty (2006)

World

“Almost all thinking people agree that you should not have probability 1 (or 0) for any event, other than one demonstrable by logic, like 2 x 2 = 4.”

Dennis Lindley

6. Bayes Rule. p. 91.
Understanding Uncertainty (2006)

People , Thinking