Prague, Czech Republic

Probability, Mathematical Statistics and Econometry

Master's
Language: EnglishStudies in English
Subject area: mathematics and statistics
Years of study: 2
University website: www.cuni.cz
Mathematical Statistics
Mathematical statistics is the application of mathematics to statistics, as opposed to techniques for collecting statistical data. Mathematical techniques which are used for this include mathematical analysis, linear algebra, stochastic analysis, differential equations, and measure-theoretic probability theory.
Probability
Probability is the measure of the likelihood that an event will occur. See glossary of probability and statistics. Probability is quantified as a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicates certainty. The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin. Since the coin is fair, the two outcomes ("heads" and "tails") are both equally probable; the probability of "heads" equals the probability of "tails"; and since no other outcomes are possible, the probability of either "heads" or "tails" is 1/2 (which could also be written as 0.5 or 50%).
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Statistics
The death of one man is a tragedy, the death of millions is a statistic.
Variants: One death is a tragedy. A million deaths is just a statistic. A single death is a tragedy; a million deaths is a statistic. When one dies, it is a tragedy. When a million die, it is a statistic.
Probability
As is known, the question of the objectivity or the subjectivity of probability has divided the world of science into two camps. Some maintain that there exist two types of probability, as above, others, that only the subjective exists, because regardless of what is supposed to take place, we cannot have full knowledge of it. Therefore, some lay the uncertainty of future events at the door of our knowledge of them, whereas others place it within the realm of the events themselves.
Stanisław Lem, "De Impossibilitate Vitae and De Impossibilitate Vitae Prognoscendi", in A Perfect Vacuum (1971), tr. Michael Kandel (1978).
Probability
No human being can give an eternal resolution to another or take it from him; If someone objects that then one might just as well be silent if there is no probability of winning others, he thereby has merely shown that although his life very likely thrived and prospered in probability and everyone of his undertakings in the service of probability went forward, he has never really ventured and consequently has never had or given himself the opportunity to consider that probability is an illusion, but to venture the truth is what gives human life and the human situation pith and meaning, to venture is the fountainhead of inspiration, whereas probability is the sworn enemy of enthusiasm, the mirage whereby the sensate person drags out time and keeps the eternal away, whereby he cheats God, himself, and his generation: cheats God of the honor, himself of liberating annihilation, and his generation of the equality of conditions.
Søren Kierkegaard, Four Upbuilding Discourses (31 August 1844) in Eighteen Upbuilding Discourses p. 382.
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