Volatility and market turmoil continue as hedge funds consider their options

Probabilistic inference

Dice

Probabilistic models aim to explain human cognition by appealing to the principles of probability theory and statistics which dictate how an agent should act in situations that involve uncertainty.
Thomas L. Griffiths, department of cognitive and linguistic sciences, Brown University, and Alan Yuille, department of statistics, University of California, Los Angeles.

People make decisions based on probabilities that are constantly being calculated and refined in their heads… The brain collects small

To continue reading...