Term
law of large numbers
The rule first proved by Jacob Bernoulli: the more repetitions of a random experiment, the closer the share of outcomes comes to their true probability.
A Philosophical Essay on Probabilities, Pierre-Simon Laplace
Explained in
- A Philosophical Essay on Probabilities, Pierre-Simon Laplace
- Against the Gods: The Remarkable Story of Risk, Peter L. Bernstein
A rule of probability theory: the more independent, identical trials there are, the closer their average result comes to the expected value.