The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

Nate Silver, baseball statistician turned political analyst, gained a lot of attention during the 2012 United States elections when he successfully predicted the outcome of the presidential vote in ...

When two people with strong prior beliefs at opposite ends of the spectrum meet, there is absolutely no way either of them can influence the other. Now think about those prime time discussions on news ...

Over the years, many writers have implied that statistics can provide almost any result that is convenient at the time. Of course, honest practitioners use statistics in an attempt to quantify the ...

Although Bayes's theorem demands a prior that is a probability distribution on the parameter space, the calculus associated with Bayes's theorem sometimes generates sensible procedures from improper ...

Humans are predication machines. Every second of every day, we are trying to navigate the world based on our predictions. We are making predictions when we book a holiday, based on our prior knowledge ...