Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Probability is a fundamental concept in mathematics and statistics that deals with the likelihood of events occurring. It provides a framework for quantifying uncertainty and making predictions based ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...

Earlier this month, I posted an article about the negative effects of conditional love and have since received many requests for ways to heal and work through this. Many live with the effects of ...

"Unconditional love. Not many guys here know that kind of love. A lot of them grew up without any kind of love at all. That hurts a man. It breaks him. It breaks him in ways that no person should be ...

Football has often been described as a game won in the trenches. For years, however, quantifying the performance of individual blockers and pass rushers remained a challenge. Traditional statistics ...