When all is said and done, options trading comes down to narrowing down uncertainty — and that couldn’t be more apt for ...

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 ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

It’s common knowledge that the faster you hit a baseball — all other things being equal — the more it’s going to fly. By the same logic, market behaviors can be forecasted by studying the response to ...

Probability is a fundamental concept in mathematics and statistics that deals with the likelihood of events occurring. It provides a framework for quantifying uncertainty and making predictions based ...

The entire tech world is debating the consequences of artificial intelligence and the part AI is going to play in shaping our future. While we might think that artificial intelligence is at least a ...

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 ...

The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...

"Unconditional love. Not many guys here know that kind of love. A lot of them grew up without any kind of love at all. That hurts a man. It breaks him. It breaks him in ways that no person should be ...