31–33. (VII.) Undue neglect of small chances.
34, 35. (VIII.) Judging by the event in Probability and in Induction.
PART III.
VARIOUS APPLICATIONS OF THE THEORY OF PROBABILITY. Chh. XV–XIX.
[CHAPTER XV.]
INSURANCE AND GAMBLING.
§§ 1, 2. The certainties and uncertainties of life.
3–5. Insurance a means of diminishing the uncertainties.
6, 7. Gambling a means of increasing them.
8, 9. Various forms of gambling.