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

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

Much of the current market exuberance is driven by record profits. Corporate profits are at record highs because the U.S. government and households are running a massive net deficit. According to ...

Many people mix up odds and probability at casino tables. These words sound the same but mean different things. Knowing both helps you play smarter. The math behind them changes how much you win and ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

The hazard produced by natural phenomena on infrastructure and urban populations has been widely studied in the last 50 years. Researchers have recognised that the real danger posed by these phenomena ...

Compound interest is commonly described as "interest earned on interest." Compound interest can work to your advantage as your investments grow over time, but against you if you're paying off debt, ...

A New York lawyer could face discipline after it was discovered a case she cited was generated by artificial intelligence and did not actually exist. The 2nd U.S. Circuit Court of Appeals ordered ...

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