Dutch Book Theorem Explained: Profit from Misjudged Probabilities

Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.
Investopedia

Bayes' Theorem: What It Is, Formula, and Examples

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 ...
jagranjosh.com

Pythagoras Theorem: Definition, Formula, Proof, Examples and Applications

Pythagoras Theorem: The Pythagoras Theorem is a fundamental principle in geometry, attributed to the ancient Greek mathematician Pythagoras. This theorem establishes a relationship between the sides ...
Scientific American

What is Bayes's theorem, and how can it be used to assign probabilities to questions such as the existence of God? What scientific value does it have?

Chris Wiggins, an associate professor of applied mathematics at Columbia University, offers this explanation. A patient goes to see a doctor. The doctor performs a test with 99 percent ...
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Arrow's Impossibility Theorem Explained, History, and Example

Reviewed by Robert C. KellyFact checked by Yarilet PerezReviewed by Robert C. KellyFact checked by Yarilet Perez Arrow's impossibility theorem is a social-choice paradox illustrating the flaws of ...
Edex Live

NCERT Class 8 math textbook introduces Baudhayana-Pythagoras' Theorem

For generations, Indian students have learnt it simply as the Pythagoras Theorem. In a quiet but significant shift, the Class ...
The Conversation

Bayes’ Theorem: the maths tool we probably use every day, but what is it?

Mike Lee receives relevant research funding from the Australian Research Council, the Australia-Pacific Science Foundation, and Flinders University. Benedict King receives funding from the Australian ...
Quanta Magazine

How Bell’s Theorem Proved ‘Spooky Action at a Distance’ Is Real

We take for granted that an event in one part of the world cannot instantly affect what happens far away. This principle, which physicists call locality, was long regarded as a bedrock assumption ...
EDN

Extra Element Theorem: An Introduction (with Examples)

Following historically from the earlier work of Blackman, Gray and Searle, Cochrun and Grabel (and Rosenstark) are some newer circuit analysis methods developed by R. D. Middlebrook of Caltech. This ...