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 ...
Recently Fox has suggested and evaluated several non-Bayesian rules for the problem of the two-armed bandit. In this paper several Bayesian rules for this problem are compared with the best of Fox's ...
In school, we are trained to think that math problems always have one correct answer. But this is not necessarily true for problems dealing with probability, if the method used to reach the described ...
Mike Lee receives relevant research funding from the Australian Research Council, the Australia-Pacific Science Foundation, and Flinders University. Benedict King receives funding from the Australian ...
Having a strong opinion about an issue can make it hard to take in new information about it, or to consider other options when they’re presented. Thankfully, there’s an old rule that can help us avoid ...
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