 The mathematical study of probability originated with Blaise Pascal and Pierre de Fermat in the mid-17th century. From that time through the early 19th century, as the mathematical theory continued to develop, probability theory was primarily applied to the assessment of risk in games of chance and to drawing simple statistical inferences about characteristics of large populations—e.g., to compute appropriate life insurance premiums based on mortality rates. In the early 19th century Pierre de Laplace made further theoretical advances and showed how to apply probabilistic reasoning to a much wider range of scientific and practical problems. Since that time probability has become an indispensable tool in the sciences, business, and many other areas of modern life.