“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 ...

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 ...

Much of the current market exuberance is driven by record profits. Corporate profits are at record highs because the U.S. government and households are running a massive net deficit. According to ...

where $l$ and $u$ are the lower and upper probability bounds, while $\phi$ and $\psi$ denote propositional logic formulas. For example the following two sentences ...

Most of the common techniques for estimating conditional probability densities are inappropriate for applications involving periodic variables. In this paper we introduce three novel techniques for ...

Before diving into the techniques for finding missing probabilities, it's essential to understand the fundamental properties of probability distributions. A probability distribution is a mathematical ...

Abstract: Conditional Handover (CHO), introduced in the 16th edition of the 3GPP standard, serves as an alternative to Baseline Handover (BHO). CHO aims to mitigate radio link failures (RLFs) during ...

A recent Delaware Chancery Court opinion offers a significant example of how courts may apply complex probability analysis to determine the amount of damages in an earnout dispute. The case arose from ...