The chance of rain, shown on a weather app, is given as a percentage. This is a relative frequency, based on real data. The chance of rain, shown on a weather app, is given as a percentage. This is a ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association, Vol. 1986, Volume Two: Symposia and Invited Papers (1986), pp. 273-287 (15 pages) This paper intends to explore the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...