If the FDA follows through with the proposed guidelines, and they are not fatally twisted by pressure from the medical ...
“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...
Abstract: In this paper we perceive data analysis with empirical probability functions as a data mining method. We propose a way to carry out this type of analysis by employing the LISp-Miner system, ...
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The odds of the U.S. economy slipping into a recession have grown in recent months, according to global financial services company UBS. In an analysis cited by Fortune, the global financial services ...
This year we celebrate 100 years of quantum mechanics (QM). Incorrect interpretations of QM and incorrect mental models of the invisible details of quantum phenomena lead to paradoxes. To explain ...
Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong.
When is it appropriate to completely reinvent the wheel? To an outsider, that seems to happen a lot in category theory, and probability theory isn’t spared from this treatment. We’ve had a useful ...
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