It’s been more than 250 years since the appearance of Bayes theorem (named after English statistician, philosopher and Presbyterian minister Thomas Bayes: 1701-1761), one of the two fundamental ...

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.

"Life isn’t chess, a game of perfect information, one that can in theory be 'solved.' It's poker, a game where you're trying to make the best decisions using the limited information you have. " When ...