Free Photo Think back to ancient leaders who looked to the stars or the flight patterns of birds just to predict the future.

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP).

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...