A few weeks ago, I wrote an article titled, "Cultivating an Expected Return Mindset." This article is an updated version of the aforementioned article. The reason I devote another article to this ...

Deciding how fast to drive, brewing better beer, and winning bar bets — Mark Prell, a respected statistician, offers a modern guide to probabilistic thinking in What are the Odds?: A Statistical Guide ...

When our brains don't have a good intuition for reasoning with numbers, explicit probabilistic thinking can lead to improved decision-making. A man went on an airplane ride. Unfortunately, he fell out ...

The probabilistic revolution first kicked off in the 1600s, when gamblers realized that estimating the likelihood of an event could give them an edge in games of chance. However, as an educator of ...