Estimating the likelihood of catastrophic events, and particularly terrorist attacks, is extremely important. But in general, these catastrophes are outliers in whatever situation we are looking at.

Probability is a measure of the likelihood of events happening. The greater the proportion of times an event can happen the greater (or more likely) the probability. Events can be ordered by the ...

The table below gives some examples of events and how their probability can be calculated. Event Outcome Number of ways to get this outcome Total number of possible outcomes Probability of outcome ...

Quantum versions of Bayes’ rule have been around for decades, but the approach through the minimum change principle had not ...

Multistate event data, in which a single subject is at risk for multiple events, is common in biomedical applications. This article considers nonparametric estimation of the vector of probabilities of ...

“Flexible risk models are crucial for effective intellectual property management, offering tools to navigate the trade secret landscape.” Being able to quantify risk probabilities for a trade secret ...

This is a preview. Log in through your library . Abstract Most climate impact studies rely on changes in means of meteorological variables, such as temperature, to estimate potential climate impacts, ...

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