All sorts of physical processes in this analog world exhibit some degree of randomness. Think of noise, for example. Many noisy processes are described by Gaussian probability distributions. We should ...

Discover how Monte Carlo analysis helps investors assess risk and make informed decisions. Explore its role in generating ...

Interest Rate Probability Distributions Implied by Derivatives Prices is a daily measure of the distribution of future short-term interest rates, calculated from prices of fixed-income derivatives ...

Since releasing this working paper, the authors have published an update to their work in the journal Climate Risk Management (Vol 44, 2024). How likely is it that global warming will exceed 3°C in ...

Students of statistics and researchers in search of a stats review will appreciate the Probability-Distributions app designed by Dr. Matthew Bognar at the University of Iowa. The app includes ...