The consequence of Type II error, failing to shoot a suicide bomber who then detonates a bomb in a crowded subway, is that dozens of innocent people would die. Once again, there is no question ...

Around the world, sector-specific regulation of communications markets is being phased out. One way to think about this is that Type I errors (mistakenly prohibiting procompetitive activities) are ...

Outlines the differences between type I and type II errors in investing and trading. Gives tips on how to avoid both types of errors.