“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

UBI provides regular, unconditional cash payments to individuals without work requirements. Largest UBI trial in Kenya improved medical access and business startup rates. UBI's high cost and potential ...

Abstract: In recent years, spatiotemporal data has played a crucial role in weather, transportation, and disease transmission within the context of the Internet of Things (IoT). However, due to cost ...

The odds of the U.S. economy slipping into a recession have grown in recent months, according to global financial services company UBS. In an analysis cited by Fortune, the global financial services ...

When we talk about probability, we're really talking about how likely something is to happen. It's like asking, "What are the chances?" But sometimes we need to look at how different events relate to ...

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 ...

The top researcher for a major study on guaranteed basic income says the findings are "nuanced." The study, backed by Sam Altman, gave $1,000 a month to 1,000 low-income participants. Elizabeth Rhodes ...

I’ll be honest: I never thought I’d like e-readers. I’ve been a bookworm ever since I was a young child, and I grew up surrounded by books. When e-readers came around, I could immediately see they ...