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 ...

It’s been more than 250 years since the appearance of Bayes theorem (named after English statistician, philosopher and Presbyterian minister Thomas Bayes: 1701-1761), one of the two fundamental ...

We live in a world where a lot of things seem to happen by pure chance, from winning the Lotto to losing your car keys. But the truth is, the likelihood of many everyday things happening is heavily ...

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 ...

What links modern cosmology to 18th-century musings on billiards? The answer lies in a theorem devised by amateur mathematician Thomas Bayes AN ENGLISH cleric pondering balls on a billiard table is ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Probability theory forms the mathematical backbone for quantifying uncertainty and random events, providing a rigorous language with which to describe both everyday phenomena and complex scientific ...