Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.

Bayesian thinking helps you make better decisions by updating your beliefs when new evidence appears. Even in games of chance like scratch-off lotteries, paying attention to information can improve ...

For centuries, the principle of symmetry has guided physicists towards more fundamental truths, but now a slew of shocking ...

Individual aseismic areas move as rigid plates on the surface of a sphere. Application of the Mercator projection to slip vectors shows that the paving stone theory of world tectonics is correct and ...