We provide a generic Monte Carlo method to find the alternative of maximum expected utility in a decision analysis. We define an artificial distribution on the product space of alternatives and states ...

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Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Co-workers do some armchair theorizing on statistics. By John Hodgman Joseph writes: A co-worker told me that there is a 50-50 chance we are living in a computer simulation. I agree, because ...

Particle simulations reveal more raindrops, packed more tightly together, lead to earlier streamer discharges in high-voltage DC transmission lines.

There’s a new creation story going around. In the beginning, someone booted up a computer. Everything we see around us reflects states of that computer. We are artificial intelligences living in an ...