“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 ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Mathematicians rely on numbers, but finding words to explain different levels of certainty has stymied everyone from the ...

Abstract: In this paper, we consider the mean-Conditional Value-at-Risk portfolio optimization problem including short-selling and cardinality constraints. The penalty alternating direction method is ...

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Creative inventions and ideas that show next-level thinking. Terror charge filed in Jan. 6 case I asked 3 restaurant pros to name the most annoying thing diners do ...

Abstract: Under sampling is a popular technique for unbalanced datasets to reduce the skew in class distributions. However, it is well-known that under sampling one class modifies the priors of the ...

Serhii Tyschenko, a Ukrainian combat medic, spent 472 days in a bunker. His case appears to be an extreme example of a problem that has long plagued Kyiv’s military. By Cassandra Vinograd and ...