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 ...

Abstract: Machine Learning Requires Probability and Statistics The contemporary practice of machine learning often involves the application of deterministic, computationally intensive algorithms to ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

Jaipur: With the board exams approaching, teachers said that students still have enough time to prepare thoroughly for the ...

IF you’re searching for the best football betting strategy, you are in the right place. Here, we’ll show you how to assess ...

After final grades were released on January 5, many students in STA237: Probability, Statistics and Data Analysis I woke up to an F on their transcript. For the first time, STA237 had a minimum ...

Many traders in Kenya learn risk management only after a painful loss. They start with excitement about forex or indices, then discover that even a good strategy can fail if position sizes are random.