
Human Action: A Treatise on Economics Part 1
Mises Audio Books Podcast
00:00
Probability and the Calculus of Probability
Every action refers to an unknown future. It is, in this sense, always a risky speculation. The treatment of probability has been confused by the mathematicians from the beginning. Mystic pascal unintentionally became the patron saint of gambling. No less havoc was spread by the equivocations of the calculus of probability in the field of scientific research.
Transcript
Play full episode