The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

Having a strong opinion about an issue can make it hard to take in new information about it, or to consider other options when they’re presented. Thankfully, there’s an old rule that can help us avoid ...

Over the years, many writers have implied that statistics can provide almost any result that is convenient at the time. Of course, honest practitioners use statistics in an attempt to quantify the ...

A while back one of my students, “Frank,” a real smarty-pants, started babbling about something called Bayes’ theorem. He wrote a long, dense paper about the theorem’s revelatory power, which had ...

An international team of researchers have successfully derived a quantum version of Bayes’ rule, a cornerstone of probability theory ...

Probability theorem gets quantum makeoverWhat would Thomas Bayes think? In 1763, he proposed a new approach to calculate ...

Our eyes, gestures, and tone bring us together in a more profound way than words alone. It’s why we look hopefully toward the return of in-person, face-to-face connection. In science, progress is ...

Although Bayes's theorem demands a prior that is a probability distribution on the parameter space, the calculus associated with Bayes's theorem sometimes generates sensible procedures from improper ...

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...