A bank’s business plan aims to yield maximum value to stakeholders, ensuring it generates profitable growth while maintaining ...
ABSTRACT: Repeated convolution and truncation of a truncated fat-tailed distribution, instead of Monte Carlo simulation, for pricing a discrete, simple barrier option is presented. The parameters for ...
Exactly a century ago, national attention was focused on a Tennessee courthouse. It was truly — with apologies to O.J. Simpson some 70 years later — the “trial of the century.” In July 1925, it seemed ...
The Annals of Applied Probability, Vol. 28, No. 3 (June 2018), pp. 1449-1490 (42 pages) Coagulation-fragmentation processes describe the stochastic association and dissociation of particles in ...
The mathematician Daniel Litt has driven social media users to distraction with a series of simple-seeming but counterintuitive probability puzzles. In late January, Daniel Litt posed an innocent ...
Abstract: This paper presents exact formulas for the probability distribution function (PDF) and moment generating function (MGF) of the sum-product of statistically independent but not necessarily ...
An illustration of a magnifying glass. An illustration of a magnifying glass.
Pew Research Center designed this study to assess the current state of online survey sampling methods – both probability-based and opt-in – and determine their accuracy on general population estimates ...
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