For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it landing on "heads" or "tails." Microsoft Excel offers ...

An international team of researchers has identified a quantum counterpart to Bayes’ rule. The likelihood you assign to an ...

This is a preview. Log in through your library . Abstract First, we discuss basic probability notions from the viewpoint of category theory. Our approach is based on the following four "sine quibus ...

Probability is one of those things we all get wrong… deeply wrong. The good news is we’re not the only ones, says John Haigh, a mathematician at the University of Sussex in Brighton, UK, and author of ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, ...