Mark Robert Rank, Arts & Sciences at Washington University in St. Louis
With low-scoring games and a preponderance of deflected shots, randomness is much more likely to color NHL teams’ records than those of squads in the other four major US pro sports leagues.
Buying and selling stocks – with real or play money – is a way to harness the wisdom of the crowd about questions like who is going to win a competition.
The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
The Tim Hortons coffee chain has made some changes to its iconic Roll up the Rim contest, including the addition of “digital rolls.” A statistician explains how this changes the odds of winning.
McDonald’s Canada has brought back its popular Monopoly game. A statistician explains the odds of winning the top prizes and how that compares to the odds we confront in everyday life.
A gaming industry expert explains how casinos’ ability to hide the price of a slot spin ensures a reliable stream of revenue from even the savviest of gamblers.
People have to make countless decisions on a daily basis that involve some degree of risk, from boarding a plane to crossing the street. The trouble is most of us don’t weigh risk well.