Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

A recent Delaware Chancery Court opinion offers a significant example of how courts may apply complex probability analysis to determine the amount of damages in an earnout dispute. The case arose from ...

The nonnormality of temperature probability distributions and the physics that drive it are important due to their relationships to the frequency of extreme warm and cold events. Here we use a ...

A new study shows how students can better understand and interpret conditional probabilities. A new LMU study shows how students can better understand and interpret conditional probabilities. How ...

Abstract: This paper presents a conditional probability method to evaluate the reliability or availability of a system whose components failures can be s-independent or have a common-cause. Different ...

When is it appropriate to completely reinvent the wheel? To an outsider, that seems to happen a lot in category theory, and probability theory isn’t spared from this treatment. We’ve had a useful ...

2 The National Institute for Health Research Collaboration for Leadership in Applied Health Research and Care West at University Hospitals Bristol NHS Foundation Trust Objective To evaluate whether ...

Probability is a fundamental concept in mathematics and everyday life that allows us to make sense of random events and uncertainty. It is the measure of how likely an event is to happen and can be ...