Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

Probability and statistics play pivotal roles in various fields, with stock trading and casino games being prime examples of where these mathematical concepts are crucial. Understanding how ...

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 ...

The Committee on Applied and Theoretical Statistics (CATS) advises stakeholders in government, academia, industry, and nonprofit organizations on statistics and data science, and their many ...