Probability theory forms the mathematical backbone for quantifying uncertainty and random events, providing a rigorous language with which to describe both everyday phenomena and complex scientific ...

The quantification of uncertainty through probability is central to definitions of risk used in environmental policy analysis. This essay explores the translation of unquantified uncertainty into ...

This is a preview. Log in through your library . Abstract This paper reports a violation of rank-dependent utility with inverse S-shaped probability weighting for binary gambles. The paper starts with ...

The Goldilocks solution to our math crisis is where relatable problems aren’t so simple that there’s no learning but also not ...

In an era where artificial intelligence and digital technologies are reshaping every aspect of our lives, education stands at a pivotal crossroads. With increasing access to data and powerful analytic ...

The Department of Mathematics at King’s College London is one of five departments within the Faculty of Natural, Mathematical & Engineering Sciences. King’s College London is one of the world’s ...

BOSTON, MA—Howard Raiffa, Harvard University’s Frank Plumpton Ramsey Professor of Managerial Economics Emeritus (a joint endowed chair at Harvard Business School and Harvard Kennedy School), who was ...