Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.

After you read this, you’ll have a 32% chance at better understanding how bad you are at probability. If the risk of an event goes up or down, we assume that it will keep changing in that direction.

In A Philosophical Essay on Probabilities, published in 1814, Pierre-Simon Laplace introduced a notorious hypothetical creature: a “vast intelligence” that knew the complete physical state of the ...

Probability Distribution Notes: Probability is a fundamental aspect of mathematics that helps us understand and quantify uncertainty. Mastery of this subject is essential for students, as it has ...

David Harper is the CEO and founder of Bionic Turtle. He is also a published author with a popular YouTube channel on expert finance topics. Almost regardless of your view about the predictability or ...

Probability is a greatly misunderstood area of math that impacts most areas of WoW gameplay, but none so intensely debated as drop chances. You don't have to be a math expert to want to know how many ...