Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

The original version of this story appeared in Quanta Magazine. Here’s a test for infants: Show them a glass of water on a desk. Hide it behind a wooden board. Now move the board toward the glass. If ...

Bayesian thinking helps you make better decisions by updating your beliefs when new evidence appears. Even in games of chance like scratch-off lotteries, paying attention to information can improve ...

In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

FIRST ON FOX: The White House is celebrating the reopening of a steel furnace in Illinois that will usher in hundreds of jobs — pointing to it as an example of the president's economic pledge to ...

Independent testing by the Australian Automobile Association, the peak body for motoring clubs such as the NRMA, RACQ and RACV, discovered that the latest Tesla Model Y is the electric car that comes ...

Apparently, good old-fashioned conversation can make people feel more grounded. But it depends on what you discuss.

Stanford psychologist Jeremy Bailenson, who studies how immersive environments reshape perception, has shown that extended ...

Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic values at various time periods.

No one likes being haunted by the past. Being invited to a reunion by mail or email is one thing — you can review the invitation and make a decision on your own timeline — but being tracked to your ...