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

Abstract: The seemingly disjoint problems of count and mixture modeling are united under the negative binomial (NB) process. A gamma process is employed to model the rate measure of a Poisson process, ...

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 ...

Google Tables, a work-tracking tool and competitor to the popular spreadsheet-database hybrid Airtable, is shutting down. In an email sent to Tables users this week, Google said the app will not be ...

A beloved French cartoon fish is now the internet's latest viral hit, amassing tens of millions of views online. The orange fish, affectionately known as "Le Poisson Steve," has spawned a series of ...

How Steve, a French cartoon with a catchy theme song, became a TikTok star. By Madison Malone Kircher If you have not yet heard the French song about an orange fish named Steve that is currently ...

The Poisson distribution is widely used in artificial intelligence (AI) and machine learning. In Bayesian inference, probability distributions often help solve problems that would otherwise be ...

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 ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...

1 School of Mathematics and Statistics, Xidian University, Xi'an, China 2 School of Mathematical Sciences, Heilongjiang University, Harbin, China Motivation: High-throughput sequencing technology ...