It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...

Sankhyā: The Indian Journal of Statistics, Series B (1960-2002), Vol. 64, No. 3 (Dec., 2002), pp. 239-266 (28 pages) A comparison between Bayes and classical estimators was executed by Samaniego and ...

WE ARE in a bar, and agree to toss a coin for the next round. Heads, I pay; tails, the drinks are on you. What are your chances of a free pint? Most people – sober ones, at least – would agree: ...

Jurors often must have an understanding of Bayesian reasoning to interpret DNA forensic evidence. Previous studies have suggested that representing probabilistic information in natural frequency ...

Probability theory has long provided a rigorous framework for quantifying uncertainty, yet its extension to infinite sets introduces profound conceptual challenges and opportunities. Contemporary ...

Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve. Bitcoin (BTC) price entered a strong price discovery ...