As fatigue and fracture mechanics approaches are used more often for determining the useful life and/or inspection intervals for complex structures, realization sets-in that all factors are not well known or characterized. Indeed, inherent scatter exists in initial material quality and in material performance. Furthermore, projections of component usage in determination of applied stresses are inexact at best and are subject to much discrepancy between projected and actual usage. Even the models for predicting life contain inherent sources of error based on assumptions and/or empirically fitted parameters. All of these factors need to be accounted for to determine a distribution of potential lives based on combination of the aforementioned variables, as well as other factors. The purpose of this symposium was to create a forum for assessment of the state-of-the-art in incorporating these uncertainties and inherent scatter into systematic probabilistic methods for conducting life assessment.

Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.

Life can be unpredictable. And the more you can predict, the more control you will have over your own life. From calculating the health risks of smoking a pack of cigarettes a day to deciding on the best investments for your money, probabilities play a part in nearly all aspects of everyday life. Now, physics professor John D. McGervey puts all the facts and figures at your fingertips to help you make savvy, informed choices at home, at work, and at play. You will learn how the author believes you can: * Increase your chances of winning blackjack, contract bridge, horse racing, sports betting, and more * Get the most for your dollar when investing or buying insurance * Judge the risks of such common activities as smoking, using drugs, owning a handgun, and driving without a seat belt * Avoid faulty gambling systems and identify misleading statistics that can be used to draw you into poor investments * And much more. Inside you'll find a lively, entertaining, enlightening approach to minimizing your risks and maximizing your results -- simple strategies designed to give you the edge in life.

A revised edition that explores random numbers, probability, and statistical inference at an introductory mathematical level Written in an engaging and entertaining manner, the revised and updated second edition of Probably Not continues to offer an informative guide to probability and prediction. The expanded second edition contains problem and solution sets. In addition, the book’s illustrative examples reveal how we are living in a statistical world, what we can expect, what we really know based upon the information at hand and explains when we only think we know something. The author introduces the principles of probability and explains probability distribution functions. The book covers combined and conditional probabilities and contains a new section on Bayes Theorem and Bayesian Statistics, which features some simple examples including the Presecutor’s Paradox, and Bayesian vs. Frequentist thinking about statistics. New to this edition is a chapter on Benford’s Law that explores measuring the compliance and financial fraud detection using Benford’s Law. This book: Contains relevant mathematics and examples that demonstrate how to use the concepts presented Features a new chapter on Benford’s Law that explains why we find Benford’s law upheld in so many, but not all, natural situations Presents updated Life insurance tables Contains updates on the Gantt Chart example that further develops the discussion of random events Offers a companion site featuring solutions to the problem sets within the book Written for mathematics and statistics students and professionals, the updated edition of Probably Not: Future Prediction Using Probability and Statistical Inference, Second Edition combines the mathematics of probability with real-world examples. LAWRENCE N. DWORSKY, PhD, is a retired Vice President of the Technical Staff and Director of Motorola’s Components Research Laboratory in Schaumburg, Illinois, USA. He is the author of Introduction to Numerical Electrostatics Using MATLAB from Wiley.

* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will learn how statistics have become indispensable for predicting the future. You will also learn : that probability was first developed to win at games of chance; how predicting the future became scientifically possible; that artificial intelligence will take probability to a new level; why you should beware of polls and scientific studies. Watching your weather application in the morning before going to work may seem trivial to you. Yet this simple gesture displays the result of an infinite number of mathematical calculations designed to predict the weather in your city. Just like weather predictions, the prediction of future events has become an essential part of human activities. From now on, humanity no longer depends on crystal balls or ossicles to know what's ahead. Rather, it relies on mathematics and statistics, which are increasingly infiltrating your daily life. Are you ready to become aware of the impact of these new disciplines in your life? *Buy now the summary of this book for the modest price of a cup of coffee!