Revised edition of D. Lindley's bestseller to be released

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  • Author: Statistics Views
  • Date: 11 December 2013

Wiley are proud to announce that a revised edition of Professor Dennis V. Lindley's bestselling Understanding Uncertainty will be released next month.

The critically acclaimed first edition provided a study of uncertainty addressed to scholars in all fields, showing that uncertainty could be measured by probability, and that probability obeyed three basic rules that enabled uncertainty to be handled sensibly in everyday life. These ideas were extended to embrace the scientific method and to show how decisions, containing an uncertain element, could be rationally made.

thumbnail image: Revised edition of D. Lindley's bestseller to be released

Featuring new material, the Revised Edition remains the go-to guide for uncertainty and decision making, providing further applications at an accessible level including:

A critical study of transitivity, a basic concept in probability
A discussion of how the failure of the financial sector to use the proper approach to uncertainty may have contributed to the recent recession
A consideration of betting, showing that a bookmaker's odds are not expressions of probability
Applications of the book’s thesis to statistics
A demonstration that some techniques currently popular in statistics, like significance tests, may be unsound, even seriously misleading, because they violate the rules of probability

Understanding Uncertainty, Revised Edition is ideal for students studying probability or statistics and for anyone interested in one of the most fascinating and vibrant fields of study in contemporary science and mathematics.

To read an excerpt from the book, please click here. To see the full table of contents in advance, please click here.

Known as one of the founding fathers of Bayesian statistics, the timing of the publication is apt as the 250th anniversary of Bayes theorem draws to a close. Statistics Views has the honour of interviewing Professor Lindley earlier in the year just before his 90th birthday. Please click on the links to the right under Related Content to see the video interview, Part I and II. Registration with Statistics Views is required to view this video, but please note that registration is free.

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