Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...
Abstract: In the contemporary era, the rise of social media has significantly altered how public opinions are formed and consumers behave. This shift has given internet users unprecedented power to ...
Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.
Abstract: To predict the damage resulting from an explosion in the middle of a city, where buildings are concentrated, the peak pressure reaching the walls of the buildings or in between buildings ...