Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

A new proof, based on the duality theorem of linear programming, is given of a theorem of V. Strassen, which states essentially that the minimum distance between random variables with given ...

This course is compulsory on the BSc in Actuarial Science and BSc in Financial Mathematics and Statistics. This course is available on the BSc in Business Mathematics and Statistics, BSc in ...

The world is full of uncertainty: accidents, storms, unruly financial markets, noisy communications. The world is also full of data. Probabilistic modeling and the related field of statistical ...

Suppose that in a ballot candidate A scores a votes and candidate B scores b votes, and that all the possible voting records are equally probable. Corresponding to the first r votes, let α r and β r ...