Explore the sunk cost dilemma, a key financial concept impacting decisions on investing in failing projects. Learn how to manage it with real-world examples and insights.

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Market bubbles carry a negative reputation because we witness the devastation in the aftermath of their collapse. However, from a broader perspective, market bubbles also carry active value.

Mr. Howard, a retired book editor, is the author of the forthcoming “The Insider: Malcolm Cowley and the Triumph of American Literature.” Critical discourse concerning the state of literature in ...

A mathematician has solved a 200-year-old maths problem after figuring out a way to crack higher-degree polynomial equations without using radicals or irrational numbers. The method developed by ...

Dr. Alec Mercer's office hours are over forever. NBC has cancelled The Irrational, TVLine has confirmed, meaning there will be no Season 3 for the procedural drama. Our sister site first Deadline ...

The bloodbath at NBC continues with The Irrational next on the chopping block. Per Deadline, the Jesse L. Martin-led crime drama has been cancelled after two seasons on the network following a ...

Investing in markets is generally presented as a rational and systematic activity, driven by the hope of long-term wealth creation. However, much of what goes on in the markets is dominated by ...

Originally defined as the ratio between the circumference of a circle and its diameter, pi — written as the Greek letter π — appears throughout mathematics, including in areas that are completely ...