To better understand the core concepts of probability and to see how they affect real-world decisions about design and system performance, engineers and scientists might want to ask themselves the following questions: What exactly is meant by probability? What is the precise definition of the 100-year load and how is it calculated? What is an extremal probability distribution? What is the Bayesian approach? How is utility defined? How do games fit into probability theory? What is entropy? How do I apply these ideas in risk analysis? Starting from the most basic assumptions, this book develops...

To better understand the core concepts of probability and to see how they affect real-world decisions about design and system performance, engineers and scientists might want to ask themselves the following questions: What exactly is meant by probability? What is the precise definition of the 100-year load and how is it calculated? What is an extremal probability distribution? What is the Bayesian approach? How is utility defined? How do games fit into probability theory? What is entropy? How do I apply these ideas in risk analysis? Starting from the most basic assumptions, this book develops...