“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP).

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

where $l$ and $u$ are the lower and upper probability bounds, while $\phi$ and $\psi$ denote propositional logic formulas. For example the following two sentences ...

Luxury is in flux. This year, consumers questioned why luxury prices are continuing to skyrocket as quality seemingly dwindles. Creative directors shuffled from house to house. Fashion merged more ...

Physicists have derived a quantum version of Bayes’ rule, revealing how beliefs and probabilities update in the quantum realm with potential applications in computing and beyond. Credit: Shutterstock ...

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 ...

As global wealth inequality deepens and automation threatens to usher in a new form of technology-driven unemployment, many nations, from the wealthy and industrialized to the still-developing, are ...

Amazon MGM Studios’ United Artists and Scott Stuber have acquired the rights to the not-yet-titled relaunch of the 1992 erotic thriller “Basic Instinct,” with the original film’s writer Joe Eszterhas ...

Forbes contributors publish independent expert analyses and insights. Greg Licholai writes and teaches about innovation in healthcare. In a move that could dramatically reshape the landscape for rare ...

When we talk about probability, we're really talking about how likely something is to happen. It's like asking, "What are the chances?" But sometimes we need to look at how different events relate to ...