Dutch Book Theorem Explained: Profit from Misjudged Probabilities

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

Understanding Binomial Trees: Definitions, Examples, and Calculations

Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic ...
BMJ Global Health

Public preferences and decision-making for mpox vaccination in the African region: a multinational discrete choice experiment

Introduction After the WHO prequalified the first vaccine against mpox, we aimed to identify the influence of vaccine ...
thorax.bmj

Development and validation of PRECISE-X model: predicting first severe exacerbation in COPD

Objectives In patients with chronic obstructive pulmonary disease (COPD), severe exacerbations (ECOPDs) impose significant morbidity and mortality. Current guidelines emphasise using ECOPD history to ...
IEEE

Optimizing the Calculation of Conditional Probability Tables in Hybrid Bayesian Networks Using Binary Factorization

Abstract: Reducing the computational complexity of inference in Bayesian Networks (BNs) is a key challenge. Current algorithms for inference convert a BN to a junction tree structure made up of ...
The Enquirer Journal

City Council tables conditional district Wildwood vote

City of Monroe residents interested in the outcome of a proposed annexation and development will have to wait until September. The Aug. 8 agenda for the Monroe City Council included a public hearing ...
leewayhertz

Bayesian networks in AI: Role in machine learning, example, types and applications

Imagine a scenario where a team of doctors faces a perplexing medical puzzle. A patient shows a range of symptoms, each pointing to multiple possible diseases. How can they navigate this diagnostic ...