Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

If someone told you that they were “probably” going to have pasta for dinner, but you later found out that they ate pizza, would you feel surprised – or even lied to? More seriously, what does it mean ...

Want guac in your burrito bowl or extra legroom on your flight? A new financial guideline might help you decide. It is called “the 0.01% rule.” It states that if you are torn about making a purchase, ...

Three decades ago, financial adviser Bill Bengen created a retirement principle called the 4% rule. It went viral. Now, the rule is getting an update. The 4% rule says you should plan to spend 4% of ...

The probability in weather forecasts leaves many people perplexed on if, or when, they should continue with plans, cancel or delay. As summer ramps up across North America, millions of travelers, ...

The GOP’s One Big Beautiful Bill Act has moved to the Senate to be considered for debate and possible revision. While President Donald Trump’s tax and spending plan passed in the House, different ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.

This rhetorical concept posits that three is the lowest number where humans begin to recognize patterns. As such, it serves as the backbone for effectively conveying ideas and stories, whether it’s as ...

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 ...

It’s your vacation, so go ahead and break some of your own house rules. But if you want to be an upstanding guest and expert traveler, you still need to follow the main tenets of a hotel stay. We ...