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An Intuitive Introduction to Probability

An Intuitive Introduction to Probability

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8.9/10 (Our Score)
Product is rated as #54 in category Data Science

This course will provide you with a basic, intuitive and practical introduction into Probability Theory. You will be able to learn how to apply Probability Theory in different scenarios and you will earn a “toolbox” of methods to deal with uncertainty in your daily life. The course is split in 5 modules. In each module you will first have an easy introduction into the topic, which will serve as a basis to further develop your knowledge about the topic and acquire the “tools” to deal with uncertainty. Additionally, you will have the opportunity to complete 5 exercise sessions to reflect about the content learned in each module and start applying your earned knowledge right away. The topics covered are: “Probability”, “Conditional Probability”, “Applications”, “Random Variables”, and “Normal Distribution”. You will see how the modules are taught in a lively way, focusing on having an entertaining and useful learning experience! We are looking forward to see you online! Founded in 1833, the University of Zurich (UZH) is Switzerland’s largest university, with a current enrollment of over 26,000 students. Made up of seven faculties covering approximately 100 different subject areas, UZH is proud to offer the most comprehensive academic program in the country.

Instructor Details

Karl Schmedders has been a Professor of Quantitative Business Administration in the Faculty of Economics, Business Administration and Information Technology at the University in Zurich since 2008. In addition, he is a Visiting Professor of Executive Education at the Kellogg School of Management, Northwestern University in Evanston, U.S.A. He also serves as the Head of the Knowledge Center of the Swiss Finance Institute, a private foundation in Switzerland supporting and advancing research, doctoral training and executive education in banking and finance. Karl received a Ph.D. in operations research from Stanford University in 1996. After a two-year post-doc at the Hoover Institution, a think tank on the Stanford campus, he became an assistant professor of managerial economics and decision sciences at the Kellogg School of Management, Northwestern University. He was promoted to associate professor in 2001 and received tenure at Kellogg in 2005. He continued to work at Kellogg until his departure to Zurich. His research focuses on computational economics and finance. He applies numerical solution techniques to complex economic and financial models shedding light on relevant practical problems. He has published numerous research articles in international academic journals such as Econometrica, The Review of Economic Studies, The Journal of Finance, and The Review of Financial Studies, among others. Karl is a Co-Editor of the Econometric Society Journal “Quantitative Economics” and an area editor at the INFORMS journal "Operations Research". Karl has received numerous teaching awards at Stanford, Kellogg and WHU, including the 1996 Walter J. Gores Award, Stanford University‘s most prestigious teaching award, and the 2002 L.G. Lavengood Professor of the Year Award at Kellogg. While ruefully non-athletic himself, Karl is a passionate football (soccer) fan and a member of the club FC Bayern Munchen as well as the German National Team Fan Club.

Specification: An Intuitive Introduction to Probability

Duration

15 hours

Year

2017

Level

Beginner

Certificate

Yes

Quizzes

Yes

51 reviews for An Intuitive Introduction to Probability

4.5 out of 5
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  1. Tiago L A

    Excellent introduction! Really clarifies some key concepts in probability.

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  2. PRASAD K

    Very enthusiastic professor. The real world examples were the highlight of the course. Would have liked more math content though.

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  3. Piyanka D

    The teaching technique of Professor is awesome. Loved to continue this course for his extensive delivery of lectures with easy real life examples. Thank you Sir, love to take part other courses where you will teach in Coursera.

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  4. Ahmed A A

    Thank you

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  5. Alexei K

    The best Probability course ever. I would like to take an advanced Probability course by Karl Schmedders.

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  6. Deleted A

    Es un curso disenado para personas que no tienen mayor conocimiento sobre la teoria de la probabilidad. Si bien este no es mi caso, debido a la claridad y profundidad del profesor, me parecio un curso excelente; especialmente debido a los ejemplos y aplicaciones que utiliza.

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  7. Valeriy K

    Indeed, this is a very intuitive intro to the topic of probability presented by a great professor. I took this course along with one from the University of London (To p or not to p) which was more advanced. So this course complemented the concepts in a great way. Strongly recommended!

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  8. Jason N

    not bad, not technical enough but applications were interesting

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  9. Hugues T

    Bonne introduction qui permet d’aborder dans sa globalite les notions de base sur les Proba.

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  10. rims

    Excellent way of teaching. Clear Explanation of the topics with to the point discussion. Diverse applications of probability covered in one course. Definitely helpful in my office / research work.

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  11. Antonio L I

    Good teacher and quite enjoyable activities

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  12. Pramey R

    I thoroughly enjoyed this course. Mr. Karl is a wonderful teacher. I would love to know if there are more advanced versions of this course which I can take up. Thanks again.

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  13. Rajvardhan M (

    The lecturers have seamlessly weaved course content + topical and intriguing examples/applications of Probability into an engaging learning experience. Brilliant!

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  14. Ivan P M

    It’s really very intuitive. And it helped me to remember some basic stuff of probability. Thank you.

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  15. Atin J

    The course provides introduction to probability in a very interesting manner along with the common misinterpretations of it as well. Go for it to clear your basics of probability.

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  16. John K N

    I think it’s best course ever. It was good with a lot of good examples and easy to follow

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  17. Issam B

    It’s an interesting course because it has many applications .Thank you very much to Professor Karl Schmedders

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  18. Anantkumar B

    Prof. Schmedders discusses concepts, demonstrates how to use functions in Excel and neatly ties them to real world scenarios. For all those intending to learn funadmentals of probability, look no further.

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  19. Amir G

    after week 4 it is more teaching excel than probability and quiz was more “learn to find a calculator for this kind of subjects” than examine knowledge of probability.

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  20. avik

    Cleared my fear of probability ! I am not scared of probability anymore.

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  21. Antonio P

    Excellent teaching of a well designed introductory course about probability. I’ve appreciated how much can be taught while keeping tough maths out of sight. I’ve also appreciated the connection between theory and non scholastic, real life applications.

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  22. Nuzha Y

    Absolutely fantastic presentation. Very clear delivery with good examples.

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  23. Fei

    Very interesting !

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  24. Robin C

    Wonderful co

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  25. Robin B

    Great lecturer! Makes it easy and fun to understand probabilities!

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  26. AJAY H

    This course covers very basic and does not explain how the normal distribution works, the maths behind it, and does not have rigorous exercise for practice

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  27. vinod n

    An excellent coverage of topics and good lectures by Karl. My only quibble is that the exercises could be a little more challenging.

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  28. Joep M

    Very clear and fun course! Excellent teacher with lots of examples, but also explains all the basic theory from the ground up.

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  29. Prashant C

    Karl is exceptional. Love the way you teach, especially the real life examples and cases. Thanks to Karl, I am no more scared with the word ‘Probability’…!! Kudos to you..!! Would love to attend more MOOCs conducted by Karl.

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  30. Nika I

    The course was very interesting and informative. I repeated what I knew and studied everything I had never heard of. Everything was very clear.

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  31. Kiryl A

    That was one of the most awesome courses I’ve ever seen. Professor Karl explains extremely nice and now I think that probability is really fun! Thanks for all your efforts, Jose and Karl. I was really enjoying your lessons. Cheers from Belarus!

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  32. Rahul S

    This is a very good introductory course to the challenging topic called Probability. My approach is to start from this course and then take advanced courses on the topic in my journey to Data Science, and Machine Learning.

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  33. Ahmad M

    I had a better understanding of probability concepts now

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  34. bhanu m

    Best introductory course on probability. Gave me confidence to seek advance knowledge in probability.

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  35. Kazis L

    This is indeed a very good course since it’s giving the real fundamentals for the subjects. Thanks a lot!!!

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  36. Karrtik I

    Excellent intuition till week 4, however week 5 could have been better. Also exercises can be more tougher and rigourous.

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  37. Paulo P M

    It is a great introdutory course. It explains statistical concepts in an easy way to understand, and also statistical notation.

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  38. Ferenc L

    It is a very good course!

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  39. Monika M

    Excellent course for beginners! It has really sparked an active interest of probability and has prepared me for an intermediate statistics course.

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  40. Muzoon A

    Thank you for giving me the opportunity to learn with a great Professor such as Prof. Karl. It was a knowledgeable, thoughtful and fun experience. I would and did recommend this course to my network. I really appreciate the effort you all have put to provide us with the best quality. Best wishes.

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  41. Carlos L

    While great for the right demographic, it was far simpler than what I expected.

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  42. Hoda

    I really enjoyed the course and the exercises. Thank you so much for an enlightening course

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  43. Hannes R

    Very good step by step introduction to Statistics and Probability. Thanks for your efforts!

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  44. Steven G

    Excellent introductory course on probability.

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  45. Mohamed K

    An excellent introduction to probability. The course is really fun. I hope that the instructor could provide more advanced classes on probability and statistics.

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  46. Dariusz J

    The course introduces to probability in a very simple and friendly maner. Real life examples helps to understand better the topics. For things to change, I would add more practical exercises for the audience, so we may try it more. Thank you for the course

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  47. Terry M

    The professor was spectacular. I am a 69 year old retired lawyer/law professor who always loved math and the logic associated with math. The professor was skilled at teaching the building blocks slowly, clearly and with humor. I note that the printed ‘titles’ for the last one or two lectures contained several errors (it seems the transcriber may have been on ‘automatic’ and not thought about the content.) Bravo. Great fun.

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  48. Arun T

    Exceptional course. Stands out amongst the many I have completed or attempted. The humour is particularly engaging and makes the course a treat to take.

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  49. Jaime A C B

    Excellent, easy and intuitive

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  50. Roland R

    I loved the practical examples which really helped me to grasped the essence of statistics without becoming confused with theoretical formulas

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  51. Abhipsa M

    For an introduction, it is fine. But could have been way deeper. I could not learn how to tackle difficult and tricky probability problems.

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    An Intuitive Introduction to Probability
    An Intuitive Introduction to Probability

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