The best 38 Probability Theory books

Step into the fascinating world of probability theory with this thoughtfully curated book list. Whether you're a mathematics enthusiast or simply curious about the principles that govern chance, these titles offer a comprehensive exploration of probability and its applications.
From understanding the basics to delving into advanced concepts, these books will equip you with the knowledge and tools to make informed decisions in a world of uncertainty. So, if you're ready to navigate the realm of probabilities, this collection is for you.

The best 38 Probability Theory books
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1
Probability Theory Books: A Random Walk Down Wall Street by Burton G. Malkiel

A Random Walk Down Wall Street

Burton G. Malkiel
The Time-Tested Strategy for Successful Investing
4.0 (86 ratings)
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What's A Random Walk Down Wall Street about?

A Random Walk Down Wall Street (1973) looks at the unpredictability of stock market prices, linking their movements to a “random walk.” It dispels the generally accepted belief in discernible market patterns, suggesting that consistent gains are not a product of easily-chartered trends.

Who should read A Random Walk Down Wall Street?

  • Aspiring investors
  • Stock market analysts
  • Economists interested in financial market patterns

2
Probability Theory Books: Probability and Measure by Patrick Billingsley

Probability and Measure

Patrick Billingsley

What's Probability and Measure about?

Probability and Measure by Patrick Billingsley is a comprehensive introduction to the theory of probability and measure. It covers topics such as probability spaces, random variables, distribution functions, and Lebesgue integration. The book provides clear explanations and numerous examples to help readers understand the concepts and their applications.

Who should read Probability and Measure?

  • Students and professionals studying probability and measure theory
  • Mathematicians and statisticians looking to deepen their understanding of advanced probability concepts
  • Individuals seeking a rigorous yet accessible introduction to measure theory and its applications in probability

What's An Introduction to Probability Theory and Its Applications about?

An Introduction to Probability Theory and Its Applications by William Feller is a classic textbook that provides a comprehensive introduction to the fundamental concepts of probability. It covers topics such as combinatorial analysis, random variables, and limit theorems, and explores their applications in various fields such as physics, biology, and economics. With clear explanations and numerous examples, this book is essential for anyone interested in understanding the principles of probability theory.

Who should read An Introduction to Probability Theory and Its Applications?

  • Students studying probability and statistics
  • Professionals looking to apply probability theory to their work
  • Anyone interested in understanding the principles of uncertain events and their likelihood

What's The Probability Tutoring Book about?

The Probability Tutoring Book by Carol Ash is a comprehensive guide that breaks down complex probability concepts into easy-to-understand lessons. With clear explanations and plenty of examples, this book is perfect for anyone looking to improve their understanding of probability theory and its applications.

Who should read The Probability Tutoring Book?

  • Individuals seeking to improve their understanding of probability theory and its applications
  • Students studying mathematics, statistics, or related fields
  • Professionals in engineering, finance, or data science looking to enhance their quantitative skills

What's An Introduction to Probability and Inductive Logic about?

An Introduction to Probability and Inductive Logic by Ian Hacking delves into the fundamental concepts of probability and reasoning. It offers a clear and engaging exploration of how we can make rational decisions in the face of uncertainty, making it a valuable read for anyone interested in the intersection of logic, mathematics, and philosophy.

Who should read An Introduction to Probability and Inductive Logic?

  • Students studying probability and inductive logic for the first time
  • Professionals who want to improve their decision-making skills using probability
  • Individuals with a curious mind and a love for exploring the uncertain and unknown

6
Probability Theory Books: The Foundations of Statistics by Leonard J. Savage

What's The Foundations of Statistics about?

The Foundations of Statistics by Leonard J. Savage explores the fundamental principles and theories that underpin statistical reasoning and decision-making. With a focus on the concept of subjective probability, Savage challenges traditional statistical methods and offers a new perspective on how we can use statistics to understand and predict uncertainties in the real world.

Who should read The Foundations of Statistics?

  • Students or professionals seeking a deeper understanding of statistical theory
  • Those interested in the philosophical foundations of probability and decision making
  • Academics and researchers looking to challenge and expand their existing knowledge of statistics

7
Probability Theory Books: Lady Luck by Kristen Ashley

Lady Luck

Kristen Ashley

What's Lady Luck about?

Lady Luck by Kristen Ashley is a captivating romance novel that follows the story of Lexie Berry and Ty Walker. When Lexie picks up Ty from prison as a favor to her best friend, she has no idea that this chance encounter will change her life forever. As their paths continue to intertwine, they must navigate the dangerous and thrilling world of underground gambling and learn to trust in the power of love. With twists and turns aplenty, this book keeps you on the edge of your seat until the very end.

Who should read Lady Luck?

  • Readers who enjoy romance novels with a bit of suspense and danger
  • Those who are intrigued by the complexities of luck and fate
  • People who appreciate strong, independent female protagonists and charismatic, flawed male leads

What's Probability with Martingales about?

Probability with Martingales by David Williams provides a comprehensive introduction to the theory of probability and its applications in various fields. The book covers topics such as random variables, martingales, and stochastic processes, and offers clear explanations and insightful examples to help readers understand the concepts. It is a valuable resource for students and researchers interested in probability theory.

Who should read Probability with Martingales?

  • Mathematics students interested in probability theory and its applications
  • Professionals in finance, statistics, or risk management looking to deepen their understanding of probability
  • Readers who enjoy intellectually stimulating and challenging books

What's Lectures on Probability Theory and Mathematical Statistics about?

Lectures on Probability Theory and Mathematical Statistics by Marco Taboga provides a comprehensive introduction to the fundamental concepts and techniques in probability theory and mathematical statistics. Through clear explanations and examples, the book covers topics such as probability distributions, random variables, hypothesis testing, and estimation. It is a valuable resource for students and professionals seeking a solid understanding of these important mathematical disciplines.

Who should read Lectures on Probability Theory and Mathematical Statistics?

  • Students or professionals seeking a comprehensive understanding of probability and statistics
  • Individuals with a strong mathematical background and an interest in theoretical concepts
  • Readers who prefer a rigorous and formal approach to learning mathematical theories

What's Pattern Recognition and Machine Learning about?

Pattern Recognition and Machine Learning by Christopher M. Bishop provides a comprehensive introduction to the fields of pattern recognition and machine learning. It covers a wide range of topics including supervised and unsupervised learning, Bayesian methods, neural networks, and support vector machines. The book also includes practical examples and exercises to help readers understand and apply the concepts.

Who should read Pattern Recognition and Machine Learning?

  • Students and professionals seeking in-depth understanding of pattern recognition and machine learning
  • Individuals with a background in mathematics and computer science
  • Readers interested in the intersection of data analysis and artificial intelligence

What's Introduction to Linear Algebra about?

Introduction to Linear Algebra by Gilbert Strang provides a comprehensive introduction to the fundamental concepts of linear algebra. From vectors and matrices to eigenvalues and eigenvectors, this book covers a wide range of topics in a clear and engaging manner. With numerous examples and applications, it is suitable for students and professionals in fields such as mathematics, engineering, and computer science.

Who should read Introduction to Linear Algebra?

  • Undergraduate students studying mathematics, engineering, or computer science
  • Graduate students who need a solid foundation in linear algebra
  • Self-learners who want to understand the fundamental concepts of linear algebra

What's Fifty Challenging Problems in Probability with Solutions about?

Fifty Challenging Problems in Probability with Solutions by Frederick Mosteller presents a collection of thought-provoking probability problems along with their solutions. It offers a great opportunity for readers to test their understanding of probability theory and problem-solving skills. Whether you're a student, a teacher, or just someone interested in challenging math problems, this book provides an engaging and educational experience.

Who should read Fifty Challenging Problems in Probability with Solutions?

  • Individuals interested in challenging their problem-solving skills in the field of probability
  • Students or professionals studying mathematics, statistics, or related disciplines
  • Those looking to expand their knowledge and understanding of probability through practical and thought-provoking exercises

What's Foundations of Modern Probability about?

Foundations of Modern Probability by Olav Kallenberg provides a comprehensive introduction to the theory of probability. It covers topics such as measure theory, independence, convergence concepts, and limit theorems, making it an essential read for anyone interested in understanding the mathematical foundations of probability.

Who should read Foundations of Modern Probability?

  • Graduate students and researchers in probability theory
  • Those seeking a comprehensive and rigorous understanding of modern probability
  • Mathematicians and statisticians with a strong background in analysis and measure theory

14

What's High-Dimensional Probability about?

High-Dimensional Probability by Roman Vershynin provides a comprehensive introduction to the theory of probability in high-dimensional spaces. It covers topics such as concentration of measure, random matrices, random geometric structures, and applications in statistics and machine learning. This book is essential for anyone interested in understanding the behavior of random phenomena in modern data analysis.

Who should read High-Dimensional Probability?

  • Students and researchers in probability theory and mathematical statistics
  • Professionals working in finance, data science, or machine learning
  • Individuals who want to gain a deeper understanding of high-dimensional phenomena and their applications

15
Probability Theory Books: The Lady Tasting Tea by David Salsburg

The Lady Tasting Tea

David Salsburg

What's The Lady Tasting Tea about?

The Lady Tasting Tea by David Salsburg explores the world of statistics and its profound impact on science and everyday life. Through engaging storytelling and clear explanations, the book delves into key concepts and historical developments, offering a deeper understanding of the role statistics play in our understanding of the world.

Who should read The Lady Tasting Tea?

  • Enthusiasts of statistics and the history of science
  • Students or professionals in the field of data analysis
  • Readers who enjoy engaging narratives about scientific discoveries

What's The Statistical Probability of Love at First Sight about?

The Statistical Probability of Love at First Sight by Jennifer E. Smith is a heartwarming and charming novel that explores the idea of love at first sight. When Hadley misses her flight and meets a boy named Oliver at the airport, their unexpected connection leads to a journey that challenges their beliefs about fate and love. Set against the backdrop of a whirlwind trip to London, this book delves into the complexities of relationships and the possibility of finding love when you least expect it.

Who should read The Statistical Probability of Love at First Sight?

  • Readers who enjoy lighthearted and heartwarming young adult romance novels
  • Individuals who like stories about unexpected connections and serendipitous moments
  • People who are curious about the complexities of love and relationships

What's The Probability of Miracles about?

The Probability of Miracles by Wendy Wunder is a heartwarming and bittersweet novel that follows sixteen-year-old Cam as she navigates life with terminal cancer. When her mother decides to move the family to a town rumored to have miraculous healing powers, Cam is skeptical. But as she forms unexpected friendships and experiences moments of joy, she begins to believe in the possibility of miracles. This beautifully written book explores themes of hope, love, and the power of the human spirit.

Who should read The Probability of Miracles?

  • Individuals who enjoy heartwarming and touching stories
  • Those seeking a blend of humor, romance, and reflection
  • Readers interested in themes of hope, miracles, and finding beauty in everyday life

What's A Course in Probability Theory about?

A Course in Probability Theory by Kai Lai Chung provides a comprehensive introduction to the fundamental concepts and theories of probability. It covers topics such as random variables, distribution functions, and limit theorems, making it an essential read for students and professionals in the field of mathematics and statistics.

Who should read A Course in Probability Theory?

  • Students or professionals studying or working in fields like mathematics, statistics, computer science, or engineering
  • Readers with a strong foundation in calculus and mathematical reasoning
  • Those seeking a comprehensive and rigorous understanding of probability theory

19
Probability Theory Books: The Thinker's Toolkit by Morgan D. Jones

The Thinker's Toolkit

Morgan D. Jones

What's The Thinker's Toolkit about?

The Thinker's Toolkit by Morgan D. Jones provides a comprehensive guide to critical thinking and problem-solving. It offers practical tools and techniques to help readers analyze complex situations, make sound decisions, and communicate their ideas effectively. Whether you're a business leader, student, or anyone seeking to improve their thinking skills, this book is a valuable resource for sharpening your mental toolkit.

Who should read The Thinker's Toolkit?

  • Professionals seeking to enhance their critical thinking and decision-making skills
  • Business leaders who want to improve their problem-solving abilities
  • Students looking to develop practical tools for analyzing and solving complex problems

20
Probability Theory Books: Against the Gods by Peter L. Bernstein

Against the Gods

Peter L. Bernstein

What's Against the Gods about?

Against the Gods by Peter L. Bernstein challenges the age-old belief in fate and providence by delving into the history of risk and probability. From ancient civilizations to modern financial markets, Bernstein explores how humanity has sought to understand and control uncertainty. With engaging storytelling and insightful analysis, the book offers a fresh perspective on our relationship with risk and the power of rational thinking.

Who should read Against the Gods?

  • Individuals interested in understanding and managing risk in their personal or professional lives
  • Readers who enjoy exploring the history and psychology of financial markets
  • Entrepreneurs and business leaders looking to make informed and strategic decisions

21
Probability Theory Books: The Success Equation by Michael J. Mauboussin

The Success Equation

Michael J. Mauboussin

What's The Success Equation about?

The Success Equation by Michael J. Mauboussin explores the role of skill and luck in determining success. Through thought-provoking analysis and real-world examples, the book challenges common assumptions and offers a new perspective on how we can make better decisions and achieve our goals.

Who should read The Success Equation?

  • Professionals seeking to understand the role of skill and luck in success
  • Individuals looking to make more informed decisions in their personal and professional lives
  • Readers who enjoy thought-provoking insights from the world of behavioral economics

What's Introduction to Probability, Statistics, and Random Processes about?

Introduction to Probability, Statistics, and Random Processes by Hossein Pishro-Nik provides a comprehensive introduction to the fundamental concepts in probability, statistics, and random processes. It covers topics such as probability theory, random variables, statistical inference, and stochastic processes, making it an essential resource for students and professionals in various fields.

Who should read Introduction to Probability, Statistics, and Random Processes?

  • University or college students studying statistics or engineering
  • Professionals working in data analysis, risk assessment, or finance
  • Anyone with an interest in understanding and interpreting data

What's The Visual Display of Quantitative Information about?

The Visual Display of Quantitative Information (1983) by Edward R. Tufte is a groundbreaking book that explores the design and presentation of statistical data. Tufte discusses principles for displaying complex information in a way that is clear, accurate, and visually appealing. Through numerous examples and illustrations, the book challenges traditional methods of data visualization and offers innovative techniques for conveying data effectively.

Who should read The Visual Display of Quantitative Information?

  • Readers who want to effectively communicate data and information through visual displays
  • Professionals in fields such as business, science, and research
  • Individuals interested in improving their data visualization skills

24
Probability Theory Books: Fortune's Formula by William Poundstone

Fortune's Formula

William Poundstone

What's Fortune's Formula about?

Fortune's Formula by William Poundstone explores the concept of Kelly criterion, a mathematical formula that helps maximize wealth over time. It delves into the world of gambling, investing, and Wall Street, revealing the hidden principles behind successful money management. Through captivating storytelling and in-depth analysis, the book offers valuable insights into the risky game of chance and the science of probability.

Who should read Fortune's Formula?

  • Individuals interested in the intersection of mathematics and finance
  • Readers who want to understand the science behind successful gambling and investing
  • Those who enjoy exploring unconventional approaches to making money

25
Probability Theory Books: Second Chance Ranch by Liz Isaacson

Second Chance Ranch

Liz Isaacson

What's Second Chance Ranch about?

Second Chance Ranch by Liz Isaacson is a heartwarming romance novel set on a ranch in Wyoming. When widower Ethan Cruz and his daughter move to the ranch for a fresh start, they meet the ranch's new caretaker, Jenna. As they navigate their own personal struggles and form a bond with the ranch's animals, they discover that sometimes, second chances can lead to unexpected happiness.

Who should read Second Chance Ranch?

  • Individuals who enjoy heartwarming contemporary romance novels
  • Readers who are interested in stories of second chances and redemption
  • Those who appreciate inspirational tales of love, family, and new beginnings

26
Probability Theory Books: Judgment Under Uncertainty by Daniel Kahneman, Amos Tversky

Judgment Under Uncertainty

Daniel Kahneman, Amos Tversky

What's Judgment Under Uncertainty about?

Author: Daniel Kahneman, Amos Tversky

Description: This book explores the ways in which people make judgments and decisions under uncertainty. Drawing on extensive research in psychology and behavioral economics, the authors reveal the systematic errors and biases that can influence our thinking. They also propose strategies for improving decision-making in both personal and professional contexts.

Who should read Judgment Under Uncertainty?

  • Anyone interested in understanding the limitations of human judgment
  • Professionals in fields such as psychology, economics, and decision making
  • People who want to improve their own decision-making processes

27
Probability Theory Books: A Field Guide to Lies by Daniel J. Levitin

A Field Guide to Lies

Daniel J. Levitin

What's A Field Guide to Lies about?

A Field Guide to Lies is a thought-provoking book that explores the many ways in which we are misled by numbers and data. Levitin provides practical tips and tools for critical thinking, helping readers navigate the sea of misinformation in our modern world. Whether it's in the news, politics, or everyday life, this book will empower you to spot lies and make more informed decisions. It's a must-read for anyone who wants to sharpen their analytical skills.

Who should read A Field Guide to Lies?

  • Individuals who want to become more media literate and better at evaluating information
  • Students or educators interested in critical thinking and information literacy
  • Professionals who deal with data and statistics in their work

What's An Introduction to Probability and Inductive Logic about?

An Introduction to Probability and Inductive Logic by Ian Hacking provides a comprehensive overview of the principles of probability and inductive reasoning. It delves into topics such as chance, randomness, and the use of statistics in making informed decisions. With clear explanations and thought-provoking examples, this book is an essential read for anyone interested in understanding the role of probability in our everyday lives.

Who should read An Introduction to Probability and Inductive Logic?

  • Students and professionals seeking a foundational understanding of probability and inductive reasoning

  • Readers interested in the philosophical implications of probability and logic

  • Individuals looking to improve their critical thinking skills and decision-making abilities


What's Foundations of Modern Probability about?

Foundations of Modern Probability by Olav Kallenberg provides a comprehensive introduction to the theory of probability. It covers topics such as probability spaces, random variables, convergence concepts, and limit theorems, making it an essential read for anyone interested in understanding the mathematical foundations of probability theory.

Who should read Foundations of Modern Probability?

  • Students or professionals seeking a comprehensive understanding of modern probability theory

  • Readers with a strong mathematical background and an interest in stochastic processes

  • Individuals looking to expand their knowledge of probability and its applications in various fields such as finance, engineering, and statistics


30

What's High-Dimensional Probability about?

High-Dimensional Probability by Roman Vershynin delves into the fascinating world of high-dimensional phenomena and their implications in various fields such as statistics, computer science, and signal processing. Through clear explanations and insightful examples, the book explores concepts like concentration of measure, random matrices, and random geometric structures, offering a comprehensive understanding of this complex subject.

Who should read High-Dimensional Probability?

  • Students and researchers in mathematics, statistics, and computer science

  • Professionals working in data analysis, machine learning, and signal processing

  • Individuals interested in understanding and applying probability in high-dimensional spaces


What's Introduction to Probability, Statistics, and Random Processes about?

Introduction to Probability, Statistics, and Random Processes by Hossein Pishro-Nik delves into the fundamental concepts of probability theory, statistical analysis, and random processes. It offers a comprehensive introduction to these topics, making it an essential read for students and professionals in fields such as engineering, computer science, and economics.

Who should read Introduction to Probability, Statistics, and Random Processes?

  • Students and professionals seeking a solid foundation in probability and statistics

  • Individuals interested in understanding and interpreting data in various fields

  • Those looking to improve their decision-making skills by applying statistical concepts


What's Lectures on Probability Theory and Mathematical Statistics about?

Lectures on Probability Theory and Mathematical Statistics by Marco Taboga provides a comprehensive introduction to the fundamental concepts and theories in probability and statistics. Through clear explanations and examples, the book covers topics such as random variables, probability distributions, statistical inference, and more. It is a valuable resource for students and professionals seeking to deepen their understanding of these mathematical disciplines.

Who should read Lectures on Probability Theory and Mathematical Statistics?

  • Students and professionals in the fields of mathematics, statistics, and data science

  • Individuals looking to deepen their understanding of probability theory and statistical analysis

  • Readers who enjoy rigorous and comprehensive explanations of mathematical concepts


33

What's Probability with Martingales about?

Probability with Martingales by David Williams provides a comprehensive introduction to the theory of probability and martingales. It covers topics such as conditional expectation, martingale convergence theorems, and applications in various fields. With clear explanations and insightful examples, this book is a valuable resource for anyone interested in understanding the role of martingales in probability theory.

Who should read Probability with Martingales?

  • Anyone with a strong mathematical background who wants to delve into the theory of probability

  • Students or professionals in fields such as finance, statistics, or machine learning

  • Readers who enjoy rigorous and in-depth explanations of mathematical concepts


34
Probability Theory Books: Probability and Measure by Patrick Billingsley

Probability and Measure

Patrick Billingsley

What's Probability and Measure about?

Probability and Measure by Patrick Billingsley provides a comprehensive introduction to the theory of probability and its applications. With clear explanations and rigorous mathematical proofs, the book covers topics such as probability spaces, random variables, and limit theorems. It is a valuable resource for students and professionals in the fields of mathematics, statistics, and related disciplines.

Who should read Probability and Measure?

  • Students or professionals in mathematics, statistics, or related fields

  • Readers who want to deepen their understanding of probability and measure theory

  • Those who enjoy challenging and thought-provoking academic texts


35
Probability Theory Books: Second Chance Ranch by Liz Isaacson

Second Chance Ranch

Liz Isaacson

What's Second Chance Ranch about?

Second Chance Ranch by Liz Isaacson is a heartwarming contemporary romance novel that follows the story of cowboy Nash Bledsoe and his second chance at love. After a tragic accident, Nash returns to his family's ranch to heal and rebuild his life. There, he reunites with his high school sweetheart, Brooke, who is now a single mother. As they work together to save the ranch, they also get a second chance at love and happiness.

Who should read Second Chance Ranch?

  • Individuals who enjoy heartwarming romance novels

  • Readers who are interested in stories about second chances and redemption

  • People who appreciate a rural setting and stories about ranch life


36
Probability Theory Books: The Foundations of Statistics by Leonard J. Savage

What's The Foundations of Statistics about?

The Foundations of Statistics by Leonard J. Savage provides a comprehensive introduction to the principles and methods of statistical inference. Savage explores the concept of probability, decision theory, and the role of statistics in scientific research. This influential book challenges traditional statistical approaches and offers a fresh perspective on the subject.

Who should read The Foundations of Statistics?

  • Students, researchers, and professionals in the field of statistics

  • Individuals with a strong mathematical background and an interest in probability theory

  • Readers who enjoy challenging and thought-provoking academic texts


37
Probability Theory Books: The Lady Tasting Tea by David Salsburg

The Lady Tasting Tea

David Salsburg

What's The Lady Tasting Tea about?

The Lady Tasting Tea by David Salsburg delves into the world of statistics and its profound impact on science and society. Through engaging storytelling and clear explanations, the book explores key concepts and the personalities behind them, making it an enlightening read for anyone curious about the role of statistics in our lives.

Who should read The Lady Tasting Tea?

  • Statistics enthusiasts looking for a captivating and accessible exploration of the subject

  • Readers interested in the history and development of statistical methods and their real-world applications

  • Individuals who enjoy engaging narratives that blend science, biography, and the human element


What's The Probability Tutoring Book about?

The Probability Tutoring Book by Carol Ash is a comprehensive guide that covers the fundamental concepts of probability theory. It is designed to help students and professionals alike develop a deep understanding of probability through clear explanations, real-world examples, and practical exercises. Whether you are new to the subject or looking to refresh your knowledge, this book is an invaluable resource for mastering probability.

Who should read The Probability Tutoring Book?

  • Students studying probability and statistics

  • Professionals looking to refresh their understanding of probability

  • Individuals preparing for exams or certifications that include probability concepts


Related Topics

Probability Theory Books
 FAQs 

What's the best Probability Theory book to read?

While choosing just one book about a topic is always tough, many people regard A Random Walk Down Wall Street as the ultimate read on Probability Theory.

What are the Top 10 Probability Theory books?

Blinkist curators have picked the following:
  • A Random Walk Down Wall Street by Burton G. Malkiel
  • Probability and Measure by Patrick Billingsley
  • An Introduction to Probability Theory and Its Applications by William Feller
  • The Probability Tutoring Book by Carol Ash
  • An Introduction to Probability and Inductive Logic by Ian Hacking
  • The Foundations of Statistics by Leonard J. Savage
  • Lady Luck by Kristen Ashley
  • Probability with Martingales by David Williams
  • Lectures on Probability Theory and Mathematical Statistics by Marco Taboga
  • Pattern Recognition and Machine Learning by Christopher M. Bishop

Who are the top Probability Theory book authors?

When it comes to Probability Theory, these are the authors who stand out as some of the most influential:
  • Burton G. Malkiel
  • Patrick Billingsley
  • William Feller
  • Carol Ash
  • Ian Hacking