What happened when a gambler asked for help from a mathematician? The formal study of Probability. Infinite Series is available to stream on pbs.org and the free PBS App, available on iPhone, Apple TV ...

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 ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

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 ...

Next Gen Stats measures the completion probability of Indianapolis Colts quarterback Jacoby Brissett's 1-yard touchdown pass against the Jacksonville Jaguars on fourth down in Week 11. From a ...

Betting typically involves knowledge of probabilities, and we often think about it in the context of activities like poker games, slot machines, or playing the lottery. Yet every decision we make ...