Bayesian thinking helps you make better decisions by updating your beliefs when new evidence appears. Even in games of chance like scratch-off lotteries, paying attention to information can improve ...

In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gordon Scott has been an active investor and ...