Monte Carlo simulations can predict different potential outcomes because they provide for the presence of random variables or elements.
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Articles on Chance
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A study shows that a select group of NBA players really do go on hot streaks by making more shots in a row than statistics suggest they should.
Philosopher Nick Bostrom’s theory suggests there’s a one-in-three probability we live in a simulation.
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.
With some big prizes are on offer in the latest competition from the fast food giant, best to see what the numbers say.
Trust Me, I’m an Expert: Risk.
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This month, we're talking risk. Three experts give their perspective on how long you might live, how to deal with loneliness – and how to step outside your comfort zone.
The math behind all the probabilities being discussed for tonight’s Powerball drawing assumes each number is equally likely to be chosen. Is that what really happens?
A mathematician looks at the odds.
Top contributors
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Associate Professor, Philosophy of Science, Australian Catholic University
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Principal Research Fellow, CQUniversity Australia
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Senior Lecturer and Clinical Psychologist, Swinburne University of Technology
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Associate Professor, Epidemiology, Deakin University
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Prize fellow and EPSRC research fellow in probability, University of Bath
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Associate Professor, Department of Biostatistics, University at Buffalo
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Postgraduate Student, Monash University
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Associate Professor in Applied Mathematics, The University of Melbourne
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Associate Professor, Department of Statistics and Actuarial Science, University of Waterloo
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Associate Professor of Computing and Information, University of Pittsburgh
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Professor of Decision and Information Systems, Indiana University
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Professor, University of the Western Cape
