“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 ...

As mentioned before, Denison Mines has approximately $368.04 million worth of net non-uranium assets, along with $155.80 ...

The rapid development of artificial intelligence (AI) is bringing unprecedented changes and opportunities to research and applications across diverse fields. Powered by deep learning, generative AI ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn to assess risk and potential gains.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Possibility theory and conditional probability offer complementary perspectives for modelling uncertainty, with each framework contributing distinct advantages. Possibility theory, rooted in fuzzy set ...

In recent years, numerous landslides on hillsides in urban and rural areas have underscored that understanding and predicting ...

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

Learn how to trade Super Bowl LX at prediction markets. We explore the legal status of event contracts, account compliance, ...