In the previous article, I discussed the trade-off between 'income' and 'specialized career' when a salaried doctor decides ...

The most visible on-court impact of basketball analytics is on shot locations. As numerical analysis has flourished, it has become broadly accepted that threes and layups are good shots while ...

We propose a method for selling options that defies many myths around options selling. We analyzed options prices using statistical modelling and calculus to improve the "expected value" of trading ...

People play no-limit hold'em for all sorts of reasons — the fun of competition, the entertainment value the game provides, the opportunities for social interaction, and more. Of course, winning money ...

I recently had a consultation call with a client. We discussed whether he should go home to India to be closer to his family and accept an arranged marriage or stay in the United States and try to ...

What if I say that starting a business is unnatural? The venture is always risky, and we’re so good at avoiding risks: Some say it's just the way our brains are wired. Fear of loss may be primal and ...

The Powerball lottery has now hit $500,000,000, and one thing is now certain: It's actually statistically justifiable to buy in. We're looking at expected value now. In essence, expected value looks ...