This applet allows the user to select the probability of heads and the number of tosses. By clicking the "TOSS" button, the applet shows the process of tossing coins virtually and calculates the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The personalistic theory of probability prescribes that personal probability assessments to be used in decision-making situations should correspond with the assessor's judgments. A payoff function ...

The probability in weather forecasts leaves many people perplexed on if, or when, they should continue with plans, cancel or delay. As summer ramps up across North America, millions of travelers, ...