According to the Many Worlds Interpretation of quantum physics, we live in an infinite web of alternate timelines. It's a serious claim that carries some rather serious scientific, philosophical, and existential baggage. And here are the nine weirdest possible implications.
The laws of probability seems simple at first thought, but scratch the surface and their inner truth can be rather more counterintuitive. This video describes one of those situations—and the answer might prove more useful than you think.
'Rational expectations' is a term commonly thrown around by economists trying to work out why people do stuff. It's based on the idea that individuals weigh up the pros and cons of a certain action, and use that to make a decision. It's one of the fundamental underpinnings of a free market economic model, but as this…
When you throw a coin in the air to make a decision, you'd expect the outcome of the toss to be 50-50 whether you catch it or let it land on the ground. But, according to randomness expert Persi Diaconis, that's simply not true.
The Monty Hall Problem is a fantastic probability brain teaser based on the American television game show Let's Make a Deal—and this video is the best explanation of it you're likely to find.
Statistics are used by scientists, medics and corporate types every day to predict what the future holds—but that doesn't always mean they do it right. In this video, Sci Show explains some of the quirks of statistics, and how you can use them to work out the odds of pretty much anything.
Today's computer chips spend a lot of time on probability-based calculations, from your Amazon recommendations to determining fraudulent credit card purchases. By using probability instead of 1's and 0's, those statistical calculations can be done more simply, efficiently, and faster.