Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the ...

EVER had a hunch on an upcoming match, but missed out on a potential profit because you didn’t know how to read betting odds? While they might look confusing, betting odds are simply the ...

The addition rule for probabilities determines the chance of either mutually exclusive or overlapping events happening, using ...

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it step by step, and see real-world examples.

Are prediction markets more profitable than sportsbooks? Compare pricing, probability, and strategy to find where the real betting value lies.

A new report from the Federal Reserve indicates that prediction markets can be a valuable tool for researchers and policymakers in terms of providing rich, frequently updated probabilities regarding ...

Standard deviation, while common, inadequately captures investment risk due to its equal treatment of gains and losses and ...

Ethereum co founder Vitalik Buterin has placed a 148,000 dollar bet that the United States will not officially confirm the existence of aliens before ...

Petition signings and packed town halls haven't swayed a vast majority of Albertans toward separating from Canada, new data ...

Real-world data (RWD) is transforming clinical research, augmenting existing randomized controlled trial (RCT) data to de-risk studies and improve generalizability. With regulators setting clearer ...

Prediction markets are taking bets this Valentine's Day that celebrity relationships can thrive — or break apart.

Background A more nuanced understanding of behavioural responses to incentives over time, particularly after they are removed, could guide more effective interventions. In this study, we build on the ...