It's the coolest feeling when the most unlikely coincidences actually take place. Maybe it's luck or just divine timing, but when that one-in-a-billion event happens to you, it'll literally have you ...

The chance of rain, shown on a weather app, is given as a percentage. This is a relative frequency, based on real data. The chance of rain, shown on a weather app, is given as a percentage. This is a ...

While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing ...

Probability is about estimating or calculating how likely or 'probable' something is to happen. The chance of an event happening can be described in words, for example ‘certain’, ‘impossible’ or ...