Probability underlies much of the modern world – an engineering professor explains how it actually works

Probability underpins AI, cryptography and statistics. However, as the philosopher Bertrand Russell said, “Probability is the most important concept in modern science, especially as nobody has the ...
MarketWatch

College sports has a new money problem — and St. John’s may be the latest example: ‘It’s the Wild West’

Name, image and likeness (NIL) deals have flooded college sports with hundreds of millions of dollars — but universities and team general managers have been operating with little formal oversight, ...
Investopedia

Bayes' Theorem: What It Is, Formula, and Examples

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 ...
Harvard Business Review

Hacking Tech’s Diversity Problem

When Google, Yahoo, LinkedIn, and Facebook disclosed their woefully low levels of female employment in the summer of 2014, admitting that they had a lot of work to do to improve them, they signaled a ...
Investopedia

Monte Carlo Analysis for Investment Risk Assessment

Robert Stammer, CFA, is the former director of investor engagement at CFA Institute and writes on thought leadership in the investment management industry. Charlene Rhinehart is a CPA , CFE, chair of ...
The New York Times

Climate and Environment

With cocoa prices high, Hershey’s has changed some of its candy recipes. The grandson of the man who invented the original Peanut Butter Cup said he was “embarrassed.” By Claire Brown The Trump ...
WebMD

Irritable Bowel Syndrome (IBS)

What Is Irritable Bowel Syndrome (IBS)? IBS is a mix of belly discomfort or pain and trouble with bowel habits: either going more or less often than normal (diarrhea or constipation) or having a ...