In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Abstract: In this paper, we consider the mean-Conditional Value-at-Risk portfolio optimization problem including short-selling and cardinality constraints. The penalty alternating direction method is ...

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Creative inventions and ideas that show next-level thinking. Terror charge filed in Jan. 6 case I asked 3 restaurant pros to name the most annoying thing diners do ...

Abstract: Under sampling is a popular technique for unbalanced datasets to reduce the skew in class distributions. However, it is well-known that under sampling one class modifies the priors of the ...

Serhii Tyschenko, a Ukrainian combat medic, spent 472 days in a bunker. His case appears to be an extreme example of a problem that has long plagued Kyiv’s military. By Cassandra Vinograd and ...