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Even Dershowitz? Mistaking Odds for Wrong When the Underdog wins

Annie Duke | Posted 09.21.2016 | Politics
Annie Duke

Alan Dershowitz, the famous lawyer and law professor, is clearly a super-smart guy. He recently wrote an article in the Boston Globe, picked up by Rea...

Pi pops up where you don't expect it

The Conversation US | Posted 03.15.2017 | Science
The Conversation US

Lorenzo Sadun, University of Texas at Austin Happy Pi Day, where we celebrate the world's most famous number. The exact value of π=3.14159... has f...

Don't Worry, Jackpot Players - More Big Jackpots Are on the Way!

Ronald L. Wasserstein | Posted 01.14.2017 | Science
Ronald L. Wasserstein

Disappointed about missing out on the $1.6B jackpot Wednesday night? If you bought a ticket, of course you are! Chances are good, however, that you won't have to wait terribly long for another opportunity.

If Winning the Powerball Jackpot Were a Matter of Time...

Ronald L. Wasserstein | Posted 01.12.2017 | Science
Ronald L. Wasserstein

For those still trying to get their minds around the probability of winning the Powerball jackpot, here's another example. Suppose the 292,201,338 combinations in the game were seconds. That's the equivalent of over 81,000 hours, more than 3300 days, or just over 9 years.

Why Daily Fantasy Sports Is Redefining Gambling

Amy Dardashtian | Posted 12.01.2016 | New York
Amy Dardashtian

What is gambling? It's a new question with an old-aged answer. The creation of daily fantasy sports necessitates a change in our country's legal definition of gambling.

Six Realities of Trading for a Living

Paul Scolardi | Posted 10.15.2016 | Business
Paul Scolardi

For many individuals today seeking financial freedom and flexibility with their schedule, the idea of trading for a living seems only like a dream. The good news is, trading for a living is a possibility if you are willing to study the market, put in the work and handle some of the realities of trading for a living.

The Mathematics of Bluffing

Druce Vertes, CFA | Posted 08.14.2016 | Business
Druce Vertes, CFA

A quick post about poker! That seemingly simple, deceptively complex game with a number of interesting parallels to investing.

Can Statistics Predict Game of Thrones, and Why Does It Matter?

Richard Vale | Posted 12.09.2014 | Science
Richard Vale

Fans of George R. R. Martin's Song of Ice and Fire saga love to speculate about what will happen next. With two books (of seven) to go, the identity of the eventual occupant of the Iron Throne is anyone's guess. But if the Warlocks of Qarth can see into the future, why can't we?

Putting the Disaster in Natural Disasters: Why Many Choose to Live in Harm's Way

David Ropeik | Posted 09.17.2013 | Green
David Ropeik

As extreme weather events seem to be increasing around the world, changes consistent with the kinds of things climate change is predicted to cause, ma...

The Science of Preventing Crime

Sidonie Sawyer | Posted 07.08.2013 | Crime
Sidonie Sawyer

The new technology to help deter crime is called PredPol, a science fiction name to a real science that can predict the highest times and locations of upcoming crimes.

Majorly Perfect Baseball

Tim Chartier | Posted 05.28.2013 | Science
Tim Chartier

There is one statistic from the 2012 season that may be difficult to improve upon in 2013: the number of perfect games pitched in the major leagues.

A Probable Super Bowl

Tim Chartier | Posted 04.02.2013 | Science
Tim Chartier

If you miss any part of Sunday's big game, don't just hit the rewind button. Use the opportunity to explore the possibilities with math. Even though your couch-sitting body isn't getting any exercise, you can give your brain a good mental workout!

Why Investing Is Always a Gamble

Nancy K. Humphreys | Posted 07.30.2012 | Business
Nancy K. Humphreys

We all know investing is risky. But most people never ask, "What kind of gambling is investing?" Why is this important? When it comes to investing people often confuse the need for luck with the need for skill.

Basketball 'Math' Tells When To Shoot, When Not

The Huffington Post | David Freeman | Posted 03.25.2012 | Science

Pass the ball? Shoot it? It’s not always easy for basketball players to tell just what to do with the ball. But a newly created mathematical model o...

Prostate Cancer Screening: More Trouble Than It's Worth?

David Katz, M.D. | Posted 12.10.2011 | Healthy Living
David Katz, M.D.

Please stop asking whether or not men have prostate cancer by using this test, in other words, because it is tantamount to asking for trouble.

The Other Black Swan

Robert Brenner | Posted 05.25.2011 | Comedy
Robert Brenner

The world is full of White Swans -- if only one knows where to look for them. To prove my point, I boldly make the following predictions. I guarantee all of them will come true within the coming year.

March Madness for (Statistically Inclined) Dummies

David Roher | Posted 05.25.2011 | Sports
David Roher

If you follow a statistical framework and mix in your own judgment about upsets (or just random guessing), you'll have a much better chance of filling in a pretty good bracket.

The Incredible Power of Chance Events

Lee Schneider | Posted 11.17.2011 | Healthy Living
Lee Schneider

The amazing things that have happened to me recently include kismet, random romance, encountering the famous and meeting my future wife in an unheated...