Probability and Its Limits - Professor Raymond Flood

Probability is the examination of uncertain processes, but it's useful for far more than games of chance: http://www.gresham.ac.uk/lectures-and... The modern theory of probability is considered to have begun in 1654 with an exchange of letters between Blaise Pascal and Pierre de Fermat, and has developed since then into the discipline which examines uncertain processes. For example, although on tossing a coin you have no idea whether you will obtain heads or tails we know that if you keep doing it then in the long run it is very likely that the proportion of heads will be close to a half. The lecture will discuss this and other examples of random processes e.g. random walks and Brownian motion. The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and... Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/