Introduction

Konrad Jacobs
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Konrad Jacobs: Universität Erlangen-Nürnberg, Mathematisches Institut

Chapter I in Discrete Stochastics, 1992, pp 1-18 from Springer

Abstract: Abstract As a normal citizen, you don’t know when you die. But whenever you start your car, you take into account the possibility that you die in a crash during the ride. You have to live with this uncertainty, and likewise with other uncertainties which might be less critical than life and death, but bear the same fundamental characteristics. Let us remember, in the form of questions, a few life situations involving that sort of uncertainty: when will I die? will I die during the voyage which I am going to undertake? will I be robbed during my next walk in downtown Chicago? will my airplane arrive with no more than 15 min. delay? will I get a ticket for parking my car wrongly? will the egg which I am just about to open, be rotten? will the avocado seed which I am planting, germinate? will the dice which I am throwing yield a six? will I make at least 1.000.000 $ next year? am I in the files of the CIA? did I get a malaria infection during my last trip to Africa? ...

Keywords: Taxi Driver; Avocado Seed; Yesterday Morning; Rain Tomorrow; Stochastic Reasoning (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-3-0348-8645-1_1

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