Probability theory and the Saint Petersburg paradox can help you determine whether the stakes of a game are too great ...
If you have ever tried to buy “space exposure” through an ETF, you have probably noticed the same trick. Most space funds ...
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 ...
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Why your brain misreads probability games
Famous game show puzzle: The Monty Hall problem from 'Let’s Make a Deal' challenges players to decide whether to stick or switch after one losing option is revealed. Probability says switch: ...
Between classes, work and personal responsibilities, it’s easy to think of extracurricular activities as just something extra. But getting involved outside the classroom can be beneficial in many ways ...
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