Wager Mage
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Scientists, just like anyone else, rarely if ever predict perfectly. No matter what data and mathematical model you have, the future is still uncertain. So, scientists have to allow for error in our fundamental equation. That is, Y = f(X) + E, where “E” encompasses our inability to predict perfectly.
Blue lotus flower is a water lily that predominantly grows in Egypt and certain parts of Asia. It holds cultural importance, and images of the...
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Payoffs for $2 Win Bets ODDS PAYS ODDS 1-5 $2.40 8-5 2-5 $2.80 9-5 1-2 $3.00 2-1 3-5 $3.20 5-2 5 more rows • Nov 4, 2019
Read More »Good scientists are not only able to uncover patterns in the things they study, but to use this information to predict the future. Meteorologists study atmospheric pressure and wind speed to predict the trajectories of future storms. A biologist may predict the growth of a tumor based on its current size and development. A financial analyst may try to predict the ups and downs of a stock based on things like market capitalization or cash flow. Perhaps even more interesting than the above phenomena is that of predicting the behavior of human beings. Attempts to predict how people will behave have existed since the origins of humankind. Early humans had to trust their instincts. Today, marketers, politicians, trial lawyers and more make their living on predicting human behavior. Predicting human behavior, in all of its forms, is big business. So, how does mathematics do in predicting our own behavior in general? Despite advances in stock market analytics, economics, political polling and cognitive neuroscience – all of which ultimately endeavor to predict human behavior – science may never be able to do so with perfect certainty.
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Read More »Mathematics may even be able to tell us about terrorist behavior leading up to an attack. In one study, researchers looked at records of terrorist activity in Ireland, specifically explosions of improved explosive devices. After one incident, the probability of another incident was higher than not. In other words, the events were not independent. Such knowledge might be useful to a community, perhaps choosing to immediately mobilize efforts following a single attack in anticipation of another.
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