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Modeling

  • Donald G. Saari
Chapter
  • 1.5k Downloads
Part of the Undergraduate Texts in Mathematics book series (UTM)

Abstract

The football example demonstrated the wisdom of treating tacit assumptions with care: They may be false. Yes, the sum of the probabilities over all events equals one. But when dealing with different individuals, a selective sum of their “implicit probabilities” could differ from unity—which can either hurt or help you.

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Donald G. Saari
    • 1
  1. 1.Departments of Economics and MathematicsUniversity of CaliforniaIrvineUSA

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