Daniel Bernoulli was also the author in 1738 of Specimen theoriae novae de mensura sortis (Exposition of a New Theory on the Measurement of Risk),[REF] in which the St. Petersburg paradox was the base of the economic theory of risk aversion, risk premium and utility [REF].
One of the earliest attempts to analyze a statistical problem involving censored data was Bernoulli's 1766 analysis of smallpox morbidity and mortality data to demonstrate the efficacy of vaccination [REF].