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

Probability theory is indispensable in computer science: It is at the core of artificial intelligence and machine learning, which require decision making under uncertainty. It is integral to CS theory ...

Understanding numbers isn’t just for scientists or students. It’s a skill that helps you make smarter choices in your everyday life. Whether you’re calculating the odds of something happening, ...

The Feb 2025 Communications of the Association for Computing Machinery has a nice opinion piece that in one section shows how persuasive LLM "reasoning" can be lying ...

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 ...

A percent chance of precipitation shows the probability there will be at least 0.01 inch of rain, snow or sleet at a given location. When you purchase through links on our site, we may earn an ...

Can you chip in? This year we’ve reached an extraordinary milestone: 1 trillion web pages preserved on the Wayback Machine. This makes us the largest public repository of internet history ever ...

The School of Computing Instruction (SCI) is helping to improve global mathematics education through its involvement with the Latin American and Caribbean Mathematics School (Escuela de Matemática de ...

The discussion covered a range of topics, including the risks of selling low-delta options due to insufficient premium and high Vama exposure. They debated the merits of probability-focused trades ...

ABSTRACT: Loss-given-default (“LGD”) is a critical parameter in modeling the credit risk of instruments subject to default risk, in addition to various other facets of credit risk modeling. However, ...