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 ...

Searchers are feeling overwhelmed by the task of locating the wreckage of missing Malaysian Airlines Flight 370. "We're not searching for a needle in a haystack — we're still trying to define where ...

This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American I’m not sure when I first heard of Bayes’ ...

https://doi.org/10.4169/college.math.j.43.3.251 https://www.jstor.org/stable/10.4169/college.math.j.43.3.251 Abstract To compute the probability of having a disease ...

Having a strong opinion about an issue can make it hard to take in new information about it, or to consider other options when they’re presented. Thankfully, there’s an old rule that can help us avoid ...