In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

“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 ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Mathematicians rely on numbers, but finding words to explain different levels of certainty has stymied everyone from the ...

Abstract: In this paper, we consider the mean-Conditional Value-at-Risk portfolio optimization problem including short-selling and cardinality constraints. The penalty alternating direction method is ...

Creative inventions and ideas that show next-level thinking. Terror charge filed in Jan. 6 case I asked 3 restaurant pros to name the most annoying thing diners do ...

Abstract: Under sampling is a popular technique for unbalanced datasets to reduce the skew in class distributions. However, it is well-known that under sampling one class modifies the priors of the ...