When scientists spot an asteroid whose trajectory might take it close to Earth, they monitor it frequently and calculate the probability that it might collide with our planet.

The 2024 YR4 asteroid may come close to Earth, but how do experts calculate this potential impact?

A trade with a high probability of success is a very different animal than a low probability long shot.

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

Probability is one of those things we all get wrong... deeply wrong. The good news is we're not the only ones, says John Haigh , a mathematician at the University of Sussex in Brighton, UK, and ...

How probability forecasts are phrased affects how people make predictions Seeing multiple probability forecasts in verbal rather than numerical form—"likely" vs. "55%"—causes people to make more ...

Learn how to calculate Value at Risk (VaR) to effectively assess financial risks in portfolios, using historical, variance-covariance, and Monte Carlo methods.

During the making of an AI model, Performance metrics like accuracy, precision, recall, F1-score, ROC curves are used to ...