Why Improbable Events Happen?

In The Improbability Principle, the renowned statistician David J. Hand argues that extraordinarily rare events are anything but. In fact, they’re commonplace. Not only that, we should all expect to experience a miracle roughly once every month.

What is chance?

The long history of the word ‘probability’, as well as its importance and the confusion that still surrounds it, are reflected by the fact that there are many other words for very closely related concepts. These includeodds, uncertai...