The whole financial basis of insurance would be questionable if it were possible to change the relative frequency of the occurrence of the insurance cases (deaths, etc.) by excluding, for example, every tenth one of the insured persons, or by some selection principal.

— Richard von Mises Probability, Statistics And Truth - Second Revised English Edition (1957)

More quotes by Richard von Mises

Probability, Statistics And Truth - Second Revised English Edition (1957)

Probability, Statistics And Truth - Second Revised English Edition (1957)

Probability, Statistics And Truth - Second Revised English Edition (1957)

Probability, Statistics And Truth - Second Revised English Edition (1957)

Probability, Statistics And Truth - Second Revised English Edition (1957)

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