Abraham Wald

Mathematician known for decision theory

Abraham Wald - Mathematician known for decision theory
Born

October 31st, 1902
123 years ago

Died

December 13th, 1950
74 years ago — 48 years old

Category

Thinkers & Philosophers

Country

Hungary

Links & References

A mathematician and economist contributed to the field of statistics and decision theory. In the 1940s, worked on statistical methods for wartime applications, including the development of techniques to analyze aircraft damage. Proposed the concept of survivorship bias, emphasizing the need to examine failures rather than just successes. This work has had lasting implications in various fields including economics, military strategy, and operations research.

Developed decision theory concepts

Contributed to survivorship bias analysis

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