I was preparing for my early morning class back in January 2025 when I received a notice regarding an asteroid called 2024 YR4. It said the probability it could hit Earth was unusually high. As ...

We are pleased to announce a new method of computing the bankruptcy risk of companies, the "Probability of Financial Distress." John Campbell, Jens Hilscher and Jan Szilagyi developed a logit ...

In order to get a more accurate estimate of the probability, we would need to look at a greater number of trials. Let’s imagine we have a bag containing two different types of sweet but we do not know ...

We provide numerical solutions based on the path integral representation of stochastic processes for non-gradient drift Langevin forces in the presence of noise, to follow the temporal evolution of ...

Daniel Jassy, CFA, is an Investopedia Academy instructor and the founder of SPYderCRusher Research. He contributes to Excel and Algorithmic Trading. Robert Kelly is managing director of XTS Energy LLC ...

From Monopoly to Backgammon to Yahtzee, our first experiences with board games almost always feature sets of six-sided dice. They’re a great way to create some randomness and chaos in a game, but ...