Possibility theory and conditional probability offer complementary perspectives for modelling uncertainty, with each framework contributing distinct advantages. Possibility theory, rooted in fuzzy set ...

Sir, I think that most of your readers must have heard of the Monty Hall problem many times (“Stick-or-switch inspires an onion of a puzzle”, Tim Harford, October 7). Here is a somewhat subtler puzzle ...

The theory of probability had its origins in games of chance and gambling. Probability originated from a gambler’s dispute in 1654 concerning the division of a stake between two players whose game was ...

This course is available on the MSc in Financial Mathematics, MSc in Mathematics and Computation and MSc in Quantitative Methods for Risk Management. This course is available with permission as an ...

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 ...