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

For giants like Voodoo, they know their core barrier to entry isn't "craftsmanship," but rather the acute capture of ...

The original version of this story appeared in Quanta Magazine. If you want to solve a tricky problem, it often helps to get organized. You might, for example, break the problem into pieces and tackle ...

This has been a roller coaster year for the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, with all three enduring a mini-crash and a rip-roaring rally to new highs. A new ...

You’re at the checkout screen after an online shopping spree, ready to enter your credit card number. You type it in and instantly see a red error message ...

Ever wondered how social media platforms decide how to fill our feeds? They use algorithms, of course, but how do these algorithms work? A series of corporate leaks over the past few years provides a ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

You might have heard that algorithms are in control of everything you hear, read, and see. They control the next song on your Spotify playlist, or what YouTube suggests you watch after you finish a ...

Social media platforms are more than just tools for sharing cat videos or keeping up with friends—they're powerful influencers of public opinion. The algorithms that drive these platforms determine ...

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 ...

SpaceX uses 3D printers and a process of relentless refinement to streamline its Raptor engines. In the Raptor 3, plumbing and wiring that had been on the outside were fused into the motor’s metal ...