The laws of probability seems simple at first thought, but scratch the surface and their inner truth can be rather more counterintuitive. This video describes one of those situations—and the answer ...

Most humans don’t have a natural facility with probability. It’s not intuitive, like the ability to walk or talk. Learning the mechanics of chance takes time, but is less essential than, say, reading, ...

Learning abstract concepts like probability can often be challenging without practical examples. For many, it becomes easier to grasp when these ideas are connected to real-life experiences or ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Most people know children learn many skills simply by watching people around them. Without explicit instructions youngsters know to do things like press a button to operate the television and twist a ...

After you read this, you’ll have a 32% chance at better understanding how bad you are at probability. If the risk of an event goes up or down, we assume that it will keep changing in that direction.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Can you predict whether a passenger would have survived the sinking of the Titanic based on factors like gender and income? How do you know if a mushroom is poisonous or safe to eat? What separates a ...