In my last column, I left you with a little homework. I hope that you tried to solve the problems, since it is enlightening to see if you can calculate the correct answers. If you didn’t do them, try ...

I recently did a “pro chat” on Full Tilt Poker, asking players what questions or problems they had in the areas of probability, statistics, and mathematics in relation to poker. I was somewhat ...

Sign up for The Media Today, CJR’s daily newsletter. A study by the Massachusetts Institute of Technology’s Joint Program on the Science and Policy of Global ...

In school, we are trained to think that math problems always have one correct answer. But this is not necessarily true for problems dealing with probability, if the method used to reach the described ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...