Page:A philosophical essay on probabilities Tr. Truscott, Emory 1902.djvu/197

From Wikisource
Jump to navigation Jump to search
This page has been proofread, but needs to be validated.
THE CALCULUS OF PROBABILITIES.
187

applies it to several difficult questions concerning hazards. This work is still remarkable on account of the justice and the cleverness of view, the employment of the formula of the binomial in this kind of questions, and by the demonstration of this theorem, namely, that in multiplying indefinitely the observations and the experiences, the ratio of the events of different natures approaches that of their respective probabilities in the limits whose interval becomes more and more narrow in proportion as they are multiplied, and become less than any assignable quantity. This theorem is very useful for obtaining by observations the laws and the causes of phenomena. Bernoulli attaches, with reason, a great importance to his demonstration, upon which he has said to have meditated for twenty years.

In the interval, from the death of Jacques Bernoulli to the publication of his work, Montmort and Moivre produced two treatises upon the calculus of probabilities. That of Montmort has the title Essai sur les Jeux de Hasard; it contains numerous applications of this calculus to various games. The author has added in the second edition some letters in which Nicolas Bernoulli gives the ingenious solutions of several difficult problems. The treatise of Moivre, later than that of Montmort, appeared at first in the Transactions philosophiques of the year 1711. Then the author published it separately, and he has improved it successively in three editions. This work is principally based upon the formula of the binomial and the problems which it contains have, like their solutions, a grand generality. But its distinguishing feature is the theory