In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how the Bayesian and Buhlmann methods relate.

Bayesian predictive density estimation represents a cornerstone of modern statistical inference by integrating prior knowledge with observed data to produce a predictive distribution for future ...

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 ...

The agent acquires a vocabulary of neuro-symbolic concepts for objects, relations, and actions, represented through a ...

A new study published in Therapeutic Innovation & Regulatory Science provides crucial insights into the design and ...

Trial-to-trial variability can result from both deterministic sources, such as complex dynamics or internal states, and randomness — that is, noise. This Review focuses on noise and its impact along ...