“The whole financial basis of insurance would be questionable if it were possible to change the relative frequency of the occurrence of the insurance cases (deaths, etc.) by excluding, for example, every tenth one of the insured persons, or by some selection principal.”

— Richard von Mises

First Lecture, The Definition of Probability, p. 26
Probability, Statistics And Truth - Second Revised English Edition - (1957)

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Richard von Mises20

Austrian physicist and mathematician 1883–1953

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“The whole financial basis of insurance would be questionable if it were possible to change the relative frequency of the occurrence of the insurance cases (deaths, etc.) by excluding, for example, every tenth one of the insured persons, or by some selection principal.”

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Richard von Mises20

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