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

The Federal Open Market Committee will meet Dec. 10 to decide whether to continue cutting short-term interest rates, following a 0.25 percentage point reduction in October, or hold the federal funds ...

Students in the School of Social and Behavioral Sciences and those studying forensic psychology may encounter difficulty in their statistics and research methods classes, but the Statistics and ...

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MINSK, 22 August (BelTA) – Belarus’ National Statistical Committee (Belstat) is to improve its GDP calculation methods, Chairwoman of the National Statistical Committee Inna Medvedeva told BelTA. A ...

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, ...

This article was originally published at The Conversation. The publication contributed the article to Space.com's Expert Voices: Op-Ed & Insights I was preparing for my early morning class back in ...

When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

WASHINGTON, March 4 (Reuters) - U.S. President Donald Trump's administration has disbanded two expert committees that worked with the government to produce economic statistics, potentially affecting ...

The Annals of Statistics, Vol. 49, No. 4, Memorial issue for Charles Stein (August 2021), pp. 1864-1903 (40 pages) Stein’s formula states that a random variable of the form zT f (z) − div f(z) is mean ...