Probability and Stochastic Analysis

As is known, the question of the objectivity or the subjectivity of probability has divided the world of science into two camps. Some maintain that there exist two types of probability, as above, others, that only the subjective exists, because regardless of what is supposed to take place, we cannot have full knowledge of it. Therefore, some lay the uncertainty of future events at the door of our knowledge of them, whereas others place it within the realm of the events themselves.

Vieta presented his analytic art as "the new algebra" and took its name from the ancient mathematical method of "analysis", which he understood to have been first discovered by Plato and so named by Theon of Smyrna. Ancient analysis is the 'general' half of a method of discovering the unknown in geometry; the other half, "synthesis", being particular in character. The method was defined by Theon like this: analysis is the "taking of the thing sought as granted and proceeding by means of what follows to a truth that is uncontested"'. Synthesis, in turn, is "taking the thing that is granted and proceeding by means of what follows to the conculsion and comprehension of the thing sought" (Vietae 1992: 320). The transition from analysis to synthesis was called "conversion", depending on whether the discovery of the truth of a geometrical theorem or the solution ("construction") to a geometrical problem was being demonstrated, the analysis was called respectively "theoretical" or "problematical".

Government, in the last analysis, is organized opinion. Where there is little or no public opinion, there is likely to be bad government, which sooner or later becomes autocratic government.