Page:A philosophical essay on probabilities Tr. Truscott, Emory 1902.djvu/159

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CHAPTER XV.

CONCERNING THE BENEFITS OF INSTITUTIONS WHICH DEPEND UPON THE PROBABILITY OF EVENTS.

Let us recall here what has been said in speaking of hope. It has been seen that in order to obtain the advantage which results from several simple events, of which the ones produce a benefit and the others a loss, it is necessary to add the products of the probability of each favorable event by the benefit which it procures, and subtract from their sum that of the products of the probability of each unfavorable event by the loss which is attached to it. But whatever may be the advantage expressed by the difference of these sums, a single event composed of these simple events does not guarantee against the fear of experiencing a loss. One imagines that this fear ought to decrease when one multiplies the compound event. The analysis of probabilities leads to this general theorem.

By the repetition of an advantageous event, simple or compound, the real benefit becomes more and more probable and increases without ceasing; it becomes certain in the hypothesis of an infinite number of repe-

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