An Essay in the Probability Theory: a Required Textbook for Modern Economists Who Want to Deepen in Econometrics

An increased awareness of probability and statistics can only improve society and its ability to assess situations and make rational decisions. How do we begin to remedy this situation around the world? We can start by devoting far more time in grade, middle, high school and university math classes, in order to teach students about this important subject and the implications that it can have on their everyday lives, understanding of society, and ability to make wise financial decisions.