Each main stress [[sigma].sub.1], [[sigma].sub.2], [[sigma].sub.3] after the analogy of the

theory of probability [7] equals to critical instability stress multiplied by probability P([A.sub.i]) and can be expressed as:

The first two chapters of the book are dedicated to the technical development of the

theory of probability metrics and their applicability in finance.

"It shows how the researcher can use this book to build up a

theory of probability as to the likely original home of one's name.

Cardano wrote Book on Games of Chance in which he sowed a seed that would grow into the

theory of probability. Today we know that understanding probability is an essential pre-condition for successful betting.

[9] Mises, R.V., Mathematical

Theory of Probability and Statistics.

Using an objective degree of belief

theory of probability JMK argued that in some situations individuals are interested not in the long-run expected outcome of an event but rather what is going to happen next.

IN SEVERAL ARTICLES Crovelli (2009, 2010, 2011) has criticized the objective

theory of probability of Richard von Mises (1981), and has presented a case for defining probability subjectively.

The statistics too say red has more chances going by the

theory of probability. And Spain again defeats the Netherlands here.

Addressing media persons, he said: "I play a mathematics professor, who is doing a thesis on the

theory of probability, and by accident by playing a computer game, he realises his theory can be utilised in a game of cards.

Classical

theory of probability deficiencies that were later proven by empirical testing, "the principle of rational belief" under which likeness "physical" between events often leads to association and equal probability "insufficient rational principle" under which an analyst when which can not dissociate between events is likely to produce equal probability it associates aceastora These are the most important "critical" during the approach to classical random phenomena and their associated probability distribution.

Structural aspects in the

theory of probability, 2d ed.

Only very little, the

theory of probability suggests.

The modern

theory of probability includes several emerging techniques, such as Bayesian approach, Evidential Reasoning and Dempster-Shafer theory.

J Neyman, "Outline of a theory of statistical estimation based on the classical

theory of probability", Philosophical Transactions of the Royal Society of London, Series A, Vol 236, 1937.