In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Mathematicians rely on numbers, but finding words to explain different levels of certainty has stymied everyone from the ...

Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic values at various time periods.

Weronika Marianna Put Your Phone Down and Dance! Social media seemed to hold enormous promise for the dance field. So why are some dancers and companies choosing to disconnect? The wildly popular ...

Warning: This graphic requires JavaScript. Please enable JavaScript for the best experience. Art directors at The Washington Post commissioned work in 2025 from ...

where $l$ and $u$ are the lower and upper probability bounds, while $\phi$ and $\psi$ denote propositional logic formulas. For example the following two sentences ...

Amazon has ordered its latest YA turn. The streamer has handed a greenlight to a series adaptation of The Probability of Miracles based on Wendy Wunder’s eponymous novel. It comes after Prime Video ...

Entering Week 14 of the 2025 NFL regular season, Ali Bhanpuri, with major assists from Special Projects Lead Tom Blair and Manager of NFL Research Jack Andrade, digs into the Next Gen Stats playoff ...

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