The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

Over the years, many writers have implied that statistics can provide almost any result that is convenient at the time. Of course, honest practitioners use statistics in an attempt to quantify the ...

Nate Silver, baseball statistician turned political analyst, gained a lot of attention during the 2012 United States elections when he successfully predicted the outcome of the presidential vote in ...

A while back one of my students, “Frank,” a real smarty-pants, started babbling about something called Bayes’ theorem. He wrote a long, dense paper about the theorem’s revelatory power, which had ...

Bayes' theorem of probability was proposed by English mathematician and clergyman Thomas Bayes in the 1740s, and rediscovered in the 1770s by Pierre Simon Laplace, a French mathematician. It states ...

The Rev. Thomas Bayes was, as the honorific the Rev. suggests, a clergyman. Too bad he wasn’t a lawyer. Maybe if he had been, lawyers today wouldn’t be so reluctant to enlist his mathematical insights ...