How Much to Lose With Bad Lottery Numbers

Reading Time: 3 minutes I think most people have played lotteries such as 6aus49 or Eurojackpot (if you’re in Germany or anywhere in Europe) at least once in their lives. Some even play on a regular basis even though gambling will lose them money in the long run, at least, statistically speaking. Despite the fact, lotteries still tend to entice people into accepting small losses for the opportunity of large gains.

Frequent pattern mining in EDGAR log files

Reading Time: 3 minutes Frequent pattern mining – or association rule learning – is a concept from machine learning used to discover strong rules in large databases. Popular applications are for example supermarket transactions: {tooth brush} → {tooth paste}. People who buy tooth brushes are likely to buy toothpaste as well. Another example could be {butter, bread, milk} → {cheese}.

Who is going to win the football world cup 2018?

Reading Time: 6 minutes We aim to predict the winner of the FIFA world cup solely based on data. The method applied is not fancy at all, but it should do the trick to get some neat results (spoiler alert: Germany wins!). We use three datasets obtained by Kaggle which contain the outcome of specific pairings between teams, rank, points and the weighted point difference with the opponent. Then, we create a model to predict the outcome of each match during the FIFA world cup 2018. To make the results more appealing, we translate the outcome probabilities to fair odds.

We found the ones responsible for Facebook’s Cambridge Analytica data breach – and it is you

Reading Time: 5 minutes Couple days ago, when Mark Zuckerberg, the billionaire founder and chief executive of Facebook faced senators on the House side of Capitol Hill, for two-day detailed questioning by more than 100 lawmakers, he didn’t break a sweat. It was, by basketball lingo, a serious mismatch in the paint and posterizing was inevitable. CEO of biggest social network came well prepared and next two halves of the game that lasted more than 20 hours he spent explaining to longstanding senators how social network (and internet) actually work. Mr Zuckerberg completed his job successfully, once again. He protected his empire for which he stated “has no known competitors”, and investors gave him thumbs up on the stock exchange next morning.  The biggest takeaway from the press was following: senators don’t understand how Facebook works. And they are not alone. If you have a Facebook profile, chances are, you don’t understand too.