Probability
hideProbability, or chance, is a way of expressing knowledge or belief that an event will occur or has occurred. In mathematics the concept has been given an exact meaning in probability theory, that is used extensively in such areas of study as mathematics, statistics, finance, gambling, science, and philosophy to draw conclusions about the likelihood of potential events and the underlying mechanics of complex systems.
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News tagged with probability
NJIT prof sees 70 percent chance for Yanks to win the 2009 World Series
Oct 27, 2009 |
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NJIT's Bruce Bukiet, a mathematician who has applied mathematical modeling techniques to elucidate the dynamics of run scoring in baseball, has computed the probability of the Yankees and Phillies winning the World Series. ...
Heads or tails? It all depends on some key variables
Oct 20, 2009 |
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Everyone knows the flip of a coin is a 50-50 proposition. Only it's not. You can beat the odds. So says a three-person team of Stanford and UC-Santa Cruz researchers. They produced a provocative study that turns conventional ...
What spooks the stock market in October?
Oct 05, 2009 |
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(PhysOrg.com) -- October ushers in the fourth quarter, falling leaves, football and in some, now infamous, years, financial meltdowns. Is the tenth month of the year more prone to stock market crashes than others? Economics ...
Winning While Losing: New Strategy Solves 'Two-Envelope' Paradox
Aug 18, 2009 |
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(PhysOrg.com) -- Researchers from Australia have taken a step toward resolving a seemingly simple yet unsolved paradox known as the "two-envelope" problem. They’ve worked out a new strategy that can enable ...
Seattle area could see record-setting high temperatures this week
Jul 28, 2009 |
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(PhysOrg.com) -- Western Washington is braced for unusually hot weather this week, but University of Washington scientists say this could be one for the record books, with Seattle experiencing historic triple-digit readings.
UQ researchers break the law -- of physics
Jul 06, 2009 |
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(PhysOrg.com) -- Two UQ Science researchers have proved two famous physical laws that have been widely used for the past 25 years do not always work.
The first goal is the deepest: Can mathematics predict the match outcome?
Jun 02, 2009 |
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Jack Brimberg and Bill Hurley of The Royal Military College of Canada, Kingston, Ontario, point out that sports commentators will often argue the importance of scoring the first goal and often suggest that a team improves ...
Study Shows Bank Risk-Assessment Tool Not Responding Adequately to Market Fluctuations
May 26, 2009 |
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(PhysOrg.com) -- A new study from North Carolina State University indicates that regulators need to do more to ensure that banks are adequately computing their Value-at-Risk (VaR) to reflect fluctuations in financial markets. ...
Quantum Theory May Explain Wishful Thinking
Medicine & Health / Psychology & Psychiatry
Apr 14, 2009 |
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(PhysOrg.com) -- Humans don’t always make the most rational decisions. As studies have shown, even when logic and reasoning point in one direction, sometimes we chose the opposite route, motivated by personal ...
Why didn't Darwin discover Mendel's laws?
Feb 27, 2009 |
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Mendel solved the logic of inheritance in his monastery garden with no more technology than Darwin had in his garden at Down House. So why couldn't Darwin have done it too? A Journal of Biology article argues that Darwin ...
Prostate cancer vaccines more effective with hormone therapy
Jul 10, 2008 |
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Among patients with castration-resistant prostate cancer, the addition of hormone therapy following vaccine treatment improved overall survival compared with either treatment alone or when the vaccine followed hormone treatment, ...
