difference between wait() and yield()

Question

So far what I have understood about wait() and yield () methods is that yield() is called when the thread is not carrying out any task and lets the CPU execute some other thread

Answer 1

aren't they both doing the same task - waiting so that other threads can execute?

Not even close, because yield() does not wait for anything.

Every thread can be in one of a number of different states: Running means that the thread is actually running on a CPU, Runnable means that nothing is preventing the thread from running except, maybe the availability of a CPU for it to run on. All of the other states can be lumped into a category called blocked. A blocked thread is a thread that is waiting for something to happen before it can become runnable.

The operating system preempts running threads on a regular basis: Every so often (between 10 times per second and 100 times per second on most operating systems) the OS tags each running thread and says, "your turn is up, go to the back of the run queue' (i.e., change state from running to runnable). Then it lets whatever thread is at the head of the run queue use that CPU (i.e., become running again).

When your program calls Thread.yield(), it's saying to the operating system, "I still have work to do, but it might not be as important as the work that some other thread is doing. Please send me to the back of the run queue right now." If there is an available CPU for the thread to run on though, then it effectively will just keep running (i.e., the yield() call will immediately return).

When your program calls foobar.wait() on the other hand, it's saying to the operating system, "Block me until some other thread calls foobar.notify().

Yielding was first implemented on non-preemptive operating systems and, in non-preemptive threading libraries. On a computer with only one CPU, the only way that more than one thread ever got to run was when the threads explicitly yielded to one another.

Yielding also was useful for busy waiting. That's where a thread waits for something to happen by sitting in a tight loop, testing the same condition over and over again. If the condition depended on some other thread to do some work, the waiting thread would yield() each time around the loop in order to let the other thread do its work.

Now that we have preemption and multiprocessor systems and libraries that provide us with higher-level synchronization objects, there is basically no reason why an application programs would need to call yield() anymore.