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Quotation of the Day for April 16, 2010"To conjecture about something is to measure its probability. The Art of Conjecturing or the Stochastic Art is therefore defined as the art of measuring as exactly as possible the probabilities of things so that in our judgments and actions we can always choose or follow that which seems to be better, more satisfactory, safer, and more considered." - Jakob Bernoulli (1654-1705), in The Art of Conjecturing (Ars Conjectandi), which was unfinished at his death and published in 1713 Submitted by: Duffy O'Craven Apr. 9, 2009 |
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