For more than 60 years, this blank slate approach has been the Food and Drug Administration’s gold standard — and for good ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Bayesian thinking helps you make better decisions by updating your beliefs when new evidence appears. Even in games of chance like scratch-off lotteries, paying attention to information can improve ...

Waiting to eat when your food arrives first feels polite—but it may be mostly for your own peace of mind. Researchers found ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

A team of international physicists has brought Bayes’ centuries-old probability rule into the quantum world. By applying the “principle of minimum change” — updating beliefs as little as possible ...

For an hour late Sunday at Bethpage Black, it looked like the envelope rule was going to be a much bigger issue than it ended up being. The obscure Ryder Cup rule has been around since 1979, is in the ...

Their discovery was published on August 28, 2025, in Physical Review Letters and examines how beliefs are updated in the quantum world, where normal physics rules no longer apply The research was ...

Imagine you take a flu test. Before the result, you already have a guess, maybe you feel a bit unwell, so you think the chance is 50–50. When the test comes back positive, you don’t throw away your ...