Even a rudimentary look at probability can give new insights about how to interpret data. Simple thought experiments an can give new insight into the different ways misunderstanding of statistics can ...

This article deals with the problem of local sensitivity analysis, that is, how sensitive are the results of a statistical analysis to changes in the data? A general methodology of sensitivity ...

MORE FROM BUSINESS INSIDER: Sinofsky's Farewell Memo to Microsoft Why Mobile Commerce Is Set to Explode The S&P's Last Gasp Even a rudimentary look at probability can give new insights about how to ...

Physicists have spent centuries grappling with an inconvenient truth about nature: Faced with three stars on a collision course, astronomers could measure their locations and velocities in nanometers ...

The paper presents a discussion on the compound statistical decision problem. The non-sequential decision problem is described generally, and a simple example of a particular compound rule is given.

Pigeons might do better than humans at game shows, at least on "Let's Make A Deal." These new findings — involving the pigeons superior ability to solve a perplexing statistical problem — might in ...