On October 1, 2022, something strange happened in the Philippines: 433 people won the jackpot in the local lottery. In other ...

“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 ...

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 ...

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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 ...

Abstract: Dynamic Uncertain Causality Graph (DUCG) is a recently developed model for fault diagnoses of industrial systems and general clinical diagnoses. In some cases, however, when state-unknown ...

Abstract: Conditional Handover (CHO), introduced in the 16th edition of the 3GPP standard, serves as an alternative to Baseline Handover (BHO). CHO aims to mitigate radio link failures (RLFs) during ...

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 ...

A lender might issue a conditional mortgage approval if there are some hurdles you still need to clear before you can get a mortgage. The conditions you need to meet before proceeding to full approval ...