Quotes on Probability Theory

It was our use of probability theory as logic that has enabled us to do so easily what was impossible for those who thought of probability as a physical phenomenon associated with "randomness". Quite the opposite; we have thought of probability distributions as carriers of information.

In no other branch of mathematics is it so easy for experts to blunder as in probability theory.

Probability theory is nothing but common sense reduced to calculation.

Maybe we should teach schoolchildren probability theory and investment risk management.