The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

Google has a small fleet of robotic cars that since autumn have driven themselves for thousands of miles on the streets of northern California without once striking a pedestrian, running a stoplight ...

Nate Silver, baseball statistician turned political analyst, gained a lot of attention during the 2012 United States elections when he successfully predicted the outcome of the presidential vote in ...

First articulated in the 18th century by a hobbyist-mathematician seeking to reason backward from effects to cause, Bayes’ theorem spent the better part of two centuries struggling for recognition and ...

Evidence can modify our beliefs, but the impact it has depends upon those beliefs. An 18th century priest has something to say about that, in what could be seen as a mathematical formulation of the ...

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 ...

Humans are predication machines. Every second of every day, we are trying to navigate the world based on our predictions. We are making predictions when we book a holiday, based on our prior knowledge ...

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 ...