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 ...

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 ...

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 occurred ...

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 ...

Abstract: A number of factors, including environmental effects, cost efficiency, delivery time, and capacity, must be considered when choosing an eco-friendly method of transportation. This is a multi ...

This essay considers some limitations of the assumption of utility maximization (Max U) as an explanation of human action. Leading promoters of the assumption explicitly avoid the question of ...

Highlights,Askari Metals (ASX:AS2) progresses acquisitions in Ethiopia, including Nejo and Adola projects,Company restructures balance sheet to support exploration initiatives,European exposure ...