In the last installment we discussed combinations and how they may be used to calculate probabilities in Pineapple Open Face Chinese (POFC). Most notably these probabilities are useful when making ...

Trading is about probabilities, not winning or losing. Mark Douglas reinforced this concept in his book, Trading in the Zone. Though most traders understand this general idea, many do not truly ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple concept behind Bayes' rule, an approach to calculating probabilities, first ...

Opinions expressed by Entrepreneur contributors are their own. The process of business risk calculation is identifying potential threats to your business and then analyzing those probabilities to make ...

Difficult endgame decisions in Pineapple Open Face Chinese (POFC) are quite common, and it can be quite a challenge to choose the play that offers the highest expected value. The most difficult aspect ...