In mathematics and statistics, a probability distribution, more properly called a probability density, assigns to every interval of the real numbers a probability, so that the probability axioms are ...

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

Humans are not terribly good at accurately assessing probability and dealing with randomness. This may stem from these skills having little evolutionary value. We exhibit hindsight and confirmation ...