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7 - Probability Theory

Published online by Cambridge University Press:  05 June 2012

Jeff Gill
Affiliation:
University of California, Davis
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Summary

Objectives

We study probability for a variety of reasons. First, probability provides a way of systematically and rigorously treating uncertainty. This is an important idea that actually developed rather late in human history. Despite major contributions from ancient and medieval scholars, the core of what we use today was developed in the seventeenth and eighteenth centuries in continental Europe due to an intense interest in gambling by various nobles and the mathematicians they employed. Key scholars of this period included Pascal, Fermat, Jacob Bernoulli, Johann Bernoulli, de Moivre, and later on Euler, Gauss, Lagrange, Poisson, Laplace, and Legendre. See Stigler (1986, 1999) or Dale (1991) for fascinating accounts of this period. In addition, much of the axiomatic rigor and notation we use today is due to Keynes (1921) and Kolmogorov (1933).

Interestingly, humans often think in probabilistic terms (even when not gambling), whether we are conscious of it or not. That is, we decide to cross the street when the probability of being run over by a car is sufficiently low, we go fishing at the lakes where the probability of catching something is sufficiently high, and so on. So, even when people are wholly unfamiliar with the mathematical formalization of probability, there is an inclination to frame uncertain future events in such terms.

Third, probability theory is a precursor to understanding statistics and various fields of applied mathematics. In fact, probability theory could be described as “mathematical models of uncertain reality” because it supports the use of uncertainty in these fields. So to study quantitative political methodology, game theory, mathematical sociology, and other related social science subfields, it is important to understand probability theory in rigorous notation.

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Publisher: Cambridge University Press
Print publication year: 2006

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  • Probability Theory
  • Jeff Gill, University of California, Davis
  • Book: Essential Mathematics for Political and Social Research
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511606656.008
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  • Probability Theory
  • Jeff Gill, University of California, Davis
  • Book: Essential Mathematics for Political and Social Research
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511606656.008
Available formats
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  • Probability Theory
  • Jeff Gill, University of California, Davis
  • Book: Essential Mathematics for Political and Social Research
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511606656.008
Available formats
×