Terrence Doody, Department of English Quantum Theory is weird. My talk is aimed at an audience with no physics background. The notion of probability is central to Quantum Theory. Philosophy considers fundamental questions of the nature and meaning of chance. But it falls upon statistical science to collect and analyze data to estimate risk, influence policy, and make decisions.
Insurance provides a compelling case study for notions of fairness and subsidy.
This talk will examine the notion of a fair game and consider its application in areas including decision making, social security, medical insurance, and exit polling. A deeper understanding of statistical modeling and evaluation would illuminate subsidies implicit in public policy and would sharpen political debate. A wine and cheese reception will follow each event. This talk will examine some of the obstacles to the management and control of risks to life and limb in contemporary society. So be prepared for whatever may happen as The Art Guys roll the dice.