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

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 ...

Unless you worked for Ford’s plastics, paint and vinyls division in the 1980s, you probably don’t know the name Jim Moylan. But you might well know the idea that made this unknown engineer who ...

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Abstract: In recent years, spatiotemporal data has played a crucial role in weather, transportation, and disease transmission within the context of the Internet of Things (IoT). However, due to cost ...

A recent Delaware Chancery Court opinion offers a significant example of how courts may apply complex probability analysis to determine the amount of damages in an earnout dispute. The case arose from ...

Abstract: Seismic interpretation is crucial in seismic exploration to identify geological structures in the field. However, interpretation is often challenging due to inherent low-resolution (LR) ...

President Biden said former President Carter, who died Sunday, “lived a life measured not by words but by deeds.” In a Sunday night speech from the U.S. Virgin Islands, Biden added that Carter was “a ...