Scientific Research Publishing

An Inequality for Experimentally Testing the Violation of Savage’s Sure-Thing Principle ()

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

Probability Distribution Methods to Predict Stock Profits

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...
New Scientist

Why it’s easy to be misunderstood when talking about probability

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

Dutch Book Theorem Explained: Profit from Misjudged Probabilities

Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.
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Linear regression cost function explained for beginners

Learn what is Linear Regression Cost Function in Machine Learning and how it is used. Linear Regression Cost function in Machine Learning is "error" representation between actual value and model ...
IEEE

Condition-Based Maintenance Scheduling Using Probability Distribution Function and Agglomerative Hierarchical Clustering Approaches: AI-Driven Predictive Maintenance Mapping

Abstract: Advanced industries such as wind turbines aim for condition-based maintenance (CBM) to enhance system availability and reach higher revenue. Hence, decision making plays an essential role in ...
The Harvard Crimson

Harvard Researchers Find Executive Function Tests May Be Culturally Biased

Researchers from Harvard’s Department of Human Evolutionary Biology found that educated children perform better on psychological tests measuring executive function abilities, challenging the accuracy ...