Most economists subscribe to a belief in “positive economics,” which means that economic theory flows from economic data. Thus, all theory can be tested for ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

Cancer treatment can reach an estimated $10,000 per month or more. Because of the extreme expenses, employment changes, and severity of cancer treatment, cancer care can negatively impact the patient, ...

In recent years, something unexpected has been happening in artificial intelligence. Modern AI appears to be breaking a rule that statisticians have preached for nearly a century: Keep models in a ...