Mathematicians rely on numbers, but finding words to explain different levels of certainty has stymied everyone from the ...

Probability has a popular meaning that is not the same as the mathematical meaning. As a small-business owner, you may act on hunches, guesses and instincts. After such actions, you might even say you ...

Most humans don’t have a natural facility with probability. It’s not intuitive, like the ability to walk or talk. Learning the mechanics of chance takes time, but is less essential than, say, reading, ...

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

The World Science Festival's panel on Probability and Risk started out in an unusual manner: MIT's Josh Tennenbaum strode onto a stage and flipped a coin five times, claiming he was psychically ...

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...