Can Randomness Be Controlled?

What is chance? Is there such a thing as pure chance, or is everything predetermined? A definitive answer to this question will probably never be given. However, mathematics has developed methods to describe the laws of chance and calculate the associated probabilities.

This has important consequences for the estimation of odds in games of chance, the interpretation of statistical claims, and the evaluation of risk in financial transactions. Moreover, with the help of random processes, approximations to optimal results can be obtained in a wide variety of disciplines.

Try your luck at our roulette table, optimize your travel route, and learn how you might rescue your stock portfolio before a crash.