" - It is the theoretical type, i.e., we don't perform any experiments in calculating this type of probability.\n", " - In this we assume all the **events are equally likely to occur** , and hence ...

"R is a very powerful, popular environment for statistical computing and graphics, freely available for Mac OS X, Windows, and UNIX systems. Knowing how to use R is an extremely useful skill. R and ...

Chance and uncertainty play a role in many aspects of life. A solid understanding of probability enhances critical thinking and empowers us to make well-informed decisions in everyday situations such ...

The Mathematical Gazette is the original journal of the Mathematical Association and it is now over a century old. Its readership is a mixture of school teachers, college and university lecturers, ...

1 Center of Economic Psychology and Decision Sciences, Economic Psychology, Kozminski University, Warsaw, Poland 2 Department of Financial Markets, Cracow University of Economics, Kraków, Poland ...

This paper aims to provide insight into information processing differences between hot and cold risk taking decision tasks within a single domain. Decision theory defines risky situations using at ...