Calculating Expected Value (EV) in sports betting is a fundamental concept that helps bettors determine whether a bet, made over and over, is likely to be profitable in the long run. Understanding EV ...

Difficult endgame decisions in Pineapple Open Face Chinese (POFC) are quite common, and it can be quite a challenge to choose the play that offers the highest expected value. The most difficult aspect ...

“Flexible risk models are crucial for effective intellectual property management, offering tools to navigate the trade secret landscape.” Being able to quantify risk probabilities for a trade secret ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple concept behind Bayes' rule, an approach to calculating probabilities, first ...

Forbes contributors publish independent expert analyses and insights. Dr. Lance B. Eliot is a world-renowned AI scientist and consultant. When you get behind the wheel of your car and go for a ...

As speculation mounts about when the Federal Reserve will alter its target for the federal funds rate, its primary tool for steering the economy these days, trading in financial futures markets offer ...

Forbes contributors publish independent expert analyses and insights. I write about physics, science, academia, and pop culture. There's a paper in the open-access New Journal of Physics this week ...

In the last installment we discussed combinations and how they may be used to calculate probabilities in Pineapple Open Face Chinese (POFC). Most notably these probabilities are useful when making ...