News tagged with probability

Older people in Africa have limited functional ability

The number of adults living into older age in sub-Saharan Africa is rapidly growing yet many older men and women will have an illness or disability that limits their ability to function, according to a study by researchers ...

May 07, 2013
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Risk aversity visible in the brain

Some people live their lives by the motto "no risk - no fun!" and avoid hardly any risks. Others are clearly more cautious and focus primarily on safety when investing and for other business activities. Scientists from the ...

Nov 26, 2012
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Probability, or chance, is a way of expressing knowledge or belief that an event will occur or has occurred. In mathematics the concept has been given an exact meaning in probability theory, that is used extensively in such areas of study as mathematics, statistics, finance, gambling, science, and philosophy to draw conclusions about the likelihood of potential events and the underlying mechanics of complex systems.

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