Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Most humans don’t have a natural facility with probability. It’s not intuitive, like the ability to walk or talk. Learning the mechanics of chance takes time, but is less essential than, say, reading, ...

Lyric's tiny chip is full of possibilities. Traditional computer processing is based on 1 and 0, yes and no, but Lyric Semiconductor wants us to consider the power of 'maybe'. The Cambrdige, ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...