Time — a question of life and death

7 February, 2016 at 15:48 | Posted in Theory of Science & Methodology | Leave a comment

It is thus seen that the time-dimension is completely ignored in spite of its crucial role in problems of this sort. For let us assume, for example, that the probability of some event E in a stochastic structure of outcomes is 1/10 000. Small though this probability is, there is a very high probability, 1-1/10000000000, that E should occur at least once in 230 000 outcomes. Now, if one outcome occurs every second, we need be willing to wait only three days in order to be fairly certain to witness E. In this case, we can hardly say that E is a rare event in time. But let the velocity of outcomes be one outcome per century, and the same E would be an extraordinary event even in the life of our planet.

Nicholas Georgescu-Roegen

harrisburg

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