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The biggest difficulty in the way of calculation of probability is that for complex systems, data is usually insufficient and we do not know all parameters of the functional system. Hence the concept of subjective logic- a branch of probability that deals with uncertain parameters and allows assu
Read MoreWhat are the odds?
Why is it so silly to buy a lottery ticket? Why are some events considered less likely to happen than the others? How do we make sense of the random nature of events around us?
We know that nothing is a hundred percent predi
Read MoreWhat are the odds?
Why is it so silly to buy a lottery ticket? Why are some events considered less likely to happen than theothers? How do we make sense of the random nature of events around us?
We know that nothing is a hundred percent predictable- there is always some chance
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