Of Probability and Faith
Dawn By Iftikhar U. Hyder THE contribution of the early Muslims to the development of mathematical ideas is widely recognised among scholars and well documented. From the development of Arabic numerals to the invention of algebra, their contribution is indisputable. In his landmark book on the development of risk management, Against the Gods: The Remarkable Story of Risk, Peter Bernstein asked why was it that despite early Muslims’ impressive achievements in mathematics and their advanced mathematical ideas they did not proceed to develop probability and risk management. The answer, he believed, lies in their view of the world.