“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

The global autonomous vehicle market size was valued at US$ 148.82 billion in 2023 and is estimated to reach US$ 2,353.93 billion by 2032, growing at a compound annual growth rate (CAGR) of 22.2% ...

The global kids bicycle market revenue was around US$ 7.6 billion in 2023 and is estimated to reach US$ 12.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.3% during the ...

Sachin Shah of Emkay Investment Managers outlines his E-Qual model for identifying long-term wealth creators. He emphasizes management quality, integrity, and capital efficiency, advocating for ...

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 ...

In east Tennessee, at the end of a winding dirt road, a mother glances into the woods she roamed as a child. It’s a deep and dramatic vista: a patchwork of pines and oaks disappearing into an endless ...

Though the Rule 5 draft doesn’t take place until Dec. 10 at the Winter Meetings, teams must set their reserve lists/40-man rosters by 6 p.m. ET on Tuesday, Nov. 18. A wide range of factors go into ...

A team of international physicists has brought Bayes’ centuries-old probability rule into the quantum world. By applying the “principle of minimum change” — updating beliefs as little as possible ...

Florida Agriculture Commissioner Wilton Simpson will issue a rule demanding kratom substances clearly label how much 7-OH they contain. (Via Casey DeSantis Facebook, 2022) Florida Agriculture ...