But in the larger human story, probability theory is relatively new. For much of history, outcomes were seen as unknowable or controlled by divine forces. Planet Money's Jacob Goldstein joins the ...

Even before they finished formulating their predictions, in October they proved a new result that lets mathematicians apply one of the most useful tools of probability theory not only to class groups, ...

Could be changed** The notion of “conditional probability” is a very useful concept from Probability Theory and in this module we introduce the idea of “conditioning” and Bayes’ Formula. The ...

This paradoxical human behavior has resisted explanation by classical decision theory for over a decade. But now, scientists have shown that a quantum probability model can provide a simple ...

The conjunction and disjunction fallacies are famous for revealing the limits of human reasoning about probability. This can be measured by telling people a short story about a character and then ...

Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it landing on "heads" or "tails." Microsoft Excel ...