“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...
The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...
Changing course on decades of deepening inequality requires bold action and vision. The U.S. is in the grips of an inequality emergency. Decades of deliberate, regressive policy choices have rigged ...
Allowing your money to grow over time is one of the best ways to build wealth. It's possible to reach $1 million by steadily investing a portion of your income. Most experts recommend saving 15% of ...
Researchers have synthesized a new compound called infuzide that shows activity against resistant strains of pathogens. Antimicrobial resistance directly causes more than 1 million deaths every year ...
ABC News' Dr. Tara Narula shares what patients need to know. Most compounded versions of popular drugs used for weight loss including Wegovy and Zepbound may soon no longer be available after a U.S.
Today, we live in a world where the gap between rich and poor seems to grow wider every year. But while economic inequality feels like a defining feature of modern life, a sweeping new archaeological ...
In February, the economist Gabriel Zucman posted an absolutely stunning graphic online that depicts the wealth of America richest 0.00001 percent as a share of our nation’s total household wealth. The ...
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