Abstract: This article presents a problem on model uncertainties in stochastic control, in which an agent assumes a best case scenario on one risk and at the same time a worst case scenario on another ...

Discover how behavioral modeling helps predict consumer actions using spending data, enabling businesses to refine targeting ...

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Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong.

Leadership is about being able to face challenges head-on, find solutions, and move forward. One of the most critical skills a leader can have is problem-solving. The ability to resolve complex issues ...

Practical word problems are often considered one of the most complex parts of elementary school mathematics. They require students to understand the context of a math problem, identify what the ...

If you want to accentuate the importance of a problem, it seems sensible to explain how prevalent it is. Lots of people are at risk of Alzheimer’s disease. Lots of women carry a gene that makes them ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

David Spiegelhalter is emeritus professor of statistics at the University of Cambridge, UK. He is the author of The Art of Uncertainty: How to Navigate Chance, Ignorance, Risk and Luck (Penguin, 2024) ...

Current AI models struggle to solve research-level math problems, with the most advanced AI systems we have today solving just 2% of the hundreds of challenges faced. When you purchase through links ...

Large language models (LLMs) have gained significant attention in recent years, but understanding their capabilities and limitations remains a challenge. Researchers are trying to develop ...