In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...
“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 ...
Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...
The odds on the favorites, per a mathematical formula that factors in awards season data and historical trends.
Do Conditional Cash Transfers Improve Economic Outcomes in the Next Generation? Evidence from Mexico
Conditional cash transfer programs have spread to over 60 countries in the past two decades, but little is known about their long-term effects. We estimate the lasting impact of childhood exposure to ...
Abstract: This study proposes the optimal layout of an offshore wind farm (WF) allocation for a number (N) of wind turbines (WTs) in a 2 km × 2 km fixed area. The paper aims to maximize expected WF ...
Abstract: In the past decade, influence maximization becomes one of the fundamental problems in online social networks. It has popular applications such as viral marketing and rumor blocking. This ...
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