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 ...

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...

What links modern cosmology to 18th-century musings on billiards? The answer lies in a theorem devised by amateur mathematician Thomas Bayes AN ENGLISH cleric pondering balls on a billiard table is ...

The post How To Speed Up the Search for Cures Through a Change in Probability Theory appeared first on Reason.com.

Having a strong opinion about an issue can make it hard to take in new information about it, or to consider other options when they’re presented. Thankfully, there’s an old rule that can help us avoid ...