Probability and statistics affect every aspect of our lives. After all, statistics is simply taking the probability of any ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Trump doesn’t use numbers the way most of us do, as “things that can be added, subtracted, multiplied, and divided,” as Columbia University statistician Andrew Gelman put it. Rather, he uses them as ...

Get a simple explanation of Bayes’ Theorem that anyone can understand, even with no advanced math background. This video ...

Learn the key NBA metrics that reveal true odds value. Use basic and advanced data to spot mispriced lines and bet more ...

A probability distribution of a random variable describes how the probabilities are distributed over the possible values of the random variable. A probability distribution shows the likelihood of ...

To watch baseball or any other sport is to confront the fundamental unpredictability of the universe, its utter refusal to bend to your wishes, no matter how fervent. In recent years, some ...

The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...

The host invites you to pick a door, any door. Let’s say you pick door one. The host throws open one of the doors you did not select, revealing a goat. Then the host gives you the option of switching ...