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

Source: Thunder Bay, Canada. Used with permission of Dan Hunt, MD. Coincidences attract our attention because they seem weird, odd, or unlikely. Their improbability stimulates wonder—“what are the ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

Sign up for The Media Today, CJR’s daily newsletter. A study by the Massachusetts Institute of Technology’s Joint Program on the Science and Policy of Global ...