While notable sports betting companies like DraftKings, FanDuel and Fanatics launched prediction markets in December, this ...

Numbers and sports go hand in hand. Watch any live broadcast and you will see and hear commentators and pundits talking about possessions, chances created, and the new expected goals (xG) statistic.

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Abstract: This article deals with a risk probability minimization problem for finite horizon continuous-time Markov decision processes with unbounded transition rates and history-dependent policies.

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 ...

Abstract: Although teachers and authors of textbooks make extensive use of examples, little has been published on assessing and classifying pedagogic examples in engineering and science. This study ...

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Large language models (LLMs) have gained significant attention in recent years, but understanding their capabilities and limitations remains a challenge. Researchers are trying to develop ...

What is meant by joint probability? Joint probability, in probability theory, refers to the probability of two events occurring together. The formula for estimating joint probability is as follows:- ...

When is it appropriate to completely reinvent the wheel? To an outsider, that seems to happen a lot in category theory, and probability theory isn’t spared from this treatment. We’ve had a useful ...