Definition:Probability Theory/Historical Note

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Historical Note on Probability Theory

The discipline of probability theory is suggested by some sources to be a creation shared between Pierre de Fermat and Blaise Pascal.

Their intent was to describe certain games of chance and to calculate various probabilities.

They developed the fundamental principles in a series of letters in the year $1654$.

The field was developed significantly by Jacob Bernoulli, the results of his research appearing in his posthumous Ars Conjectandi of $1713$.

Modern probability theory is more than just calculating the chance of getting $m$ heads while tossing $n$ coins.

It is used to study problems in fields as diverse as economics, genetics, sociology, astronomy and physics.