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In fact, according to decision theory, the only value that matters in the above matrix is the +∞ (infinitely positive). Any matrix of the following type (where f 1, f 2, and f 3 are all negative or finite positive numbers) results in (B) as being the only rational decision. [4]
The problem of points, also called the problem of division of the stakes, is a classical problem in probability theory. One of the famous problems that motivated the beginnings of modern probability theory in the 17th century, it led Blaise Pascal to the first explicit reasoning about what today is known as an expected value .
In this reshuffle, Nadiem Makarim was appointed as the first Minister of Education, Culture, Research, and Technology, according to the Presidential Decision No. 72/P/2021. [4] [5] On the same day, the President formally recognized the ministry as one of the thirty-four Indonesian government ministries. [6]
The race to the White House is heating up, and Caroline Kennedy is the latest high-profile name to share her top pick for Democratic nominee.
This means the bettor must have over 65,500 (2^15-1 for their 15 losses and 2^15 for their 16th streak-ending winning bet) times their original bet size. Thus, a player making 10 unit bets would want to have over 655,000 units in their bankroll (and still have a ~5.5% chance of losing it all during 5,000 plays).
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On 3 December 2024, at 22:27 Korea Standard Time (KST), Yoon Suk Yeol, the president of South Korea, declared martial law during a televised address. In his declaration, Yoon accused the Democratic Party (DPK), which has a majority in the National Assembly, of conducting "anti-state activities" and collaborating with "North Korean communists" to destroy the country, thereby creating a ...
The Social Security Administration (SSA) announced a 2.5% cost-of-living adjustment (COLA) for 2025. That’s down from 3.2% this year but in line with the 2.6% average over the past two decades.