Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.

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Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated history of working in both institutional and retail environments, from broker-dealers to ...

The U.S. Department of Agriculture has posted a notice on its website saying federal food aid will not go out on Nov. 1, raising the stakes for families nationwide as the government shutdown drags on.

The following table depicts odds of a player shooting a net Score Differential or better based on their Handicap Index. It is a helpful resource to the Handicap Committee during their review of a ...

Contingency has become synonymous with 10 percent, 15 percent, or even 20 percent in some cases. Arguably, many project and procurement professionals have accepted this norm and have reinforced its ...

A contingency reserve is a budget set aside for unexpected costs during a project. Its purpose is to mitigate the effects of a project going over budget or experiencing delays. Investors use it to ...

Kite-square plots (Figure 1) are a convenient way to visualize contingency tables, uniting various quantities of interest (Table 1). They get their name for two reasons: From either form, a number of ...

Chaos, cybernetics and doomsday: prevention is better than prevention. There is also the possibility of malicious human intervention, exploiting a flaw in the AI’s logic or data processing. It is ...