We develop an alternative approach to the general equilibrium analysis of a stochastic production economy when firms' choices of investment influence the probability distributions of their output.

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 ...

This is a preview. Log in through your library . Abstract Von Mises defined a "physical" probability as a strict limit of the relative frequency of occurrence of an event in repeated trials. As a ...

Quantum mechanics replaced the clockwork certainty of classical physics with something far stranger: a framework in which particles do not follow single, predictable paths but instead exist as clouds ...

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...