Making management decisions based solely on probability is useful when you can determine that the outcomes of your decisions are, for the most part, predictable based on your own or others' past ...

Possibility theory and conditional probability offer complementary perspectives for modelling uncertainty, with each framework contributing distinct advantages. Possibility theory, rooted in fuzzy set ...

Probability theory has long provided a rigorous framework for quantifying uncertainty, yet its extension to infinite sets introduces profound conceptual challenges and opportunities. Contemporary ...

Mathematics professor Gregory Lawler was named a co-winner of the $100,000 Wolf Prize. The award recognizes Lawler’s research in probability theory involving random walks and Brownian motion, which ...

2020 AUG 21 (NewsRx) -- By a News Reporter-Staff News Editor at Math Daily News-- Fresh data on Mathematics - Applied Probability Research are presented in a new report. According to news reporting ...

2021 AUG 02 (NewsRx) -- By a News Reporter-Staff News Editor at Math Daily News-- New research on Mathematics - Applied Probability Research is the subject of a report. According to news reporting ...

Two retired professors are sharing the mathematics version of the Nobel Prize for their lifelong contributions to the changing nature of math in the computing age. Both Hillel Furstenberg and Gregory ...