Probability of Events

Oh yes; the biggest problems tend to arise when investors forget about the difference between probability and outcome—that is, when they forget about the limits on foreknowledge:

• when they believe the shape of the probability distribution is knowable with certainty (and that they know it...

The way massive objects of the universe bend and distort gravity and light indicates to scientists about the existence of dark matter. The way large objects move about in the universe (velocity) also is a factor pushing towards the probability of much more mass than is visible.

Dark matter...

Scientists who study the mechanics of curiosity are finding that it is, at its core, a kind of probability algorithm—our brain’s continuous calculation of which path or action is likely to gain us the most knowledge in the least amount of time. Like the links on a Wikipedia page,...