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render the word most useful. Now chance is
the foundation of the great business of Insurance;
and the Doctrine of Chances has been
without much exaggeration called the
logic of the exact sciences. But when chance
is said to consist in our ignorance, it certainly
can be of no use except to those who desire
to prey upon us. The Insurance business
is not run on ignorance in any further
sense than that if a man knew when he
was going to die he would not insure his
life. That which renders chance
so importanct is that there is immense
diversity thoughout the universe.
Diversity in many respects with uniformity