The Foundations of Statistics,Used

The Foundations of Statistics,Used

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With the 1954 publication of his Foundations of Statistics, in which he proposed a basis that takes into account not only strictly objective and repetitive events, but also vagueness and interpersonal differences, Leonard J. Savage opened the greatest controversy in modern statistical thought. His theory of the foundations, connected with the personalistic interpretation of probability, challenged the then dominant frequentist school.In the first seven chapters of his book, Professor Savage is concerned with the foundations at a relatively deep level. To explain and defend his theory of the behavior of a highly idealized person faced with uncertainty, he considers decision making, the surething principle, qualitative and quantitative personal probability, the approach to certainty through experience, symmetric sequences of events, critical comments on personal probability, utility, observations as they affect the decision, and partition problems. In chapters eight through seventeen he discusses statistics proper the actual devices of the discipline from the personalistic view. He concentrates on minimax problems and on the theories of estimation and testing. Exercises are included throughout to reinforce and supplement the text. The mathematical techniques used are quite elementary, some calculus and elementary probability theory being presupposed. Understanding of all the material calls for some mathematical maturity on the part of the reader. Professor Savage had reevaluated his position somewhat during the decade and a half since the work was first published. While reaffirming the material in the first seven chapters, he had reconsidered the appropriateness of many frequentistic applications. To explain these recent developments, he added a new preface, new footnotes, and a supplementary 180item, annotated bibliography. Because of Professor Savage's death, the revisions that he made for this edition are his final analysis of the situation.As he says on page one, 'the foundations are the most controversial parts of many, if not all, sciences.' In statistics, the foundation of probability is 'as controversial a subject as one could name.' In 1954, the controversy was very great, and although it has quieted since, the problem has yet to be resolved. A new generation of readers who have missed Savage's analysis have here an opportunity to study firsthand what his important foundation of statistics personal probability is, and what it means to statistical thought.

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Frequently Asked Questions

  • Q: What is the main focus of 'The Foundations of Statistics' by Leonard J. Savage? A: The book primarily focuses on the foundations of statistics, particularly emphasizing personal probability and decision making under uncertainty.
  • Q: Who is the author of 'The Foundations of Statistics'? A: The author of the book is Leonard J. Savage.
  • Q: Is 'The Foundations of Statistics' suitable for beginners in statistics? A: While the book provides foundational insights, it requires some mathematical maturity, including knowledge of calculus and elementary probability theory.
  • Q: What edition of 'The Foundations of Statistics' is available? A: The book is available in its 2nd Revised edition, published on June 1, 1972.
  • Q: How many pages does 'The Foundations of Statistics' have? A: The book contains a total of 310 pages.
  • Q: What topics are covered in the first seven chapters of the book? A: The first seven chapters delve into decision making, qualitative and quantitative personal probability, and the sure-thing principle, among other foundational concepts.
  • Q: Does 'The Foundations of Statistics' include exercises for practice? A: Yes, the book includes exercises throughout to reinforce and supplement the material presented.
  • Q: What is the item condition of this book? A: The item condition is listed as 'New'.
  • Q: What is the binding type of 'The Foundations of Statistics'? A: The book is available in paperback binding.
  • Q: What is the publication date of 'The Foundations of Statistics'? A: The book was published on June 1, 1972.